Tds on commission
Sandeep Sharma (Accounts executive) (552 Points)
19 February 2019
Do i need to deduct TDS on commission invoices received per month of Rs. 1500 / each. Please advise.
4 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 19 February 2019
please mention section , 194D , 194G or 194H of Income Tax act 1961 for commission received .
ANIMESH CHOWDHARY
(Practicing CA)
(305 Points)
Replied 19 February 2019
If Aggregate of Payments to a Person exceeds Rs.15,000 then you required to deduct TDS @ 5%.
Sandeep Sharma
(Accounts executive)
(552 Points)
Replied 19 February 2019
Section 194H, Prasad sir and Thank you Animesh sir.
prasad Nilugal
(3914 Points)
Replied 19 February 2019
For 194 H commission Threshold. limit is 15000/- @ 5% as chowdhary sir mentioned .
Recent Topics
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- Where can I find a trusted provider to hire a skip
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
Related Threads
CAclubindia
