SHORT DEDUCTION IN 194D FOR BELLOW RS 15000 CASES

Floss Hype (61 Points)

21 April 2023  

Insurance commissions paid to 51 agents were below INR 15,000 for the financial year, and no taxes were deducted. However, the processed statement (26Q Q4 FY2022-23) shows defaults and the justification file calculates a 5% tax for all cases, despite payments being under INR 15,000. I have also verified the payment of all quarters using the Traces TDS credit option and it is below 15,000 there as well.