If I pay 5000 commission this month...and 15000 in next month..to the same person...
Am I liable to deduct tax u/s 194H??
8 Replies
Sivaramaraju G
(Learner)
(2398 Points)
Replied 26 May 2021
If you are an individual or HUF whose turnover exceeds 1 crore or gross receipts exceeds 50Lakhs during the previous financial year then you have to deduct TDS u/s 194H as amount exceeds 15k in aggregate.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 26 May 2021
If commission payment exceeds 15000 rupees then TDS should be deducted u/s 194H
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 26 May 2021
When you initially pay 5k, it is not mandatory to deduct tax at source. However, on subsequent payment, tax to be deducted on entire 20k
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 26 May 2021
TDS on 20000 rupees should be deducted
veerendar singh
(tax consultant)
(3301 Points)
Replied 26 May 2021
Please note that you have to deduct tds on the day of recording commission expense and not when you are settling your dues.
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