Sec 194h attracts service tax or not ?
Brahmananda Reddy M (CA) (36 Points)
13 September 2016
Whether Sec 194H of income tax act,1961 attracts Service tax or not?
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178001 Points)
Replied 15 September 2016
TDS under section 194H is applicable to the person paying commission or brokerage to a resident exceeding Rs. 15,000 per annum. Tax at Source has to be deducted at the rate of 10%, at the time of credit or payment whichever is earlier
The Commission or Brokerage payable could be in lieu of any service, and service tax on the service may be liable over it. So, to say, there may be liability of service tax along with TDS u/s. 194H
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