Tds applicability
ROHIT (ACCOUNTANT) (52 Points)
30 June 2012ROHIT (ACCOUNTANT) (52 Points)
30 June 2012
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 30 June 2012
TDS would be applicable u/s 194H if the commission paid to travel agency exceeds Rs 5000. The TDS rate is uniform @ 10% for all assesses. however in cae of individual, HUF if tax audit is applicable u/s 44AB in the previous year, then TDS is required to be made from the subsequent eyar.