Sir,
I had a doubt in section 194H,
If a person having t/o>1cr in the PFY makes a payment of brokerage (Personal in nature) then whether the liability to deduct TDS would be attracted
Also sir, if no TDS has to be deducted in the above case, whether there is any case law supporting the non deduction of TDS for personal payments under 194H.
4 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 23 March 2021
If payment of brokerage is 15000 rupees or more then TDS under section 194H shall be deducted @ 15%
mehul jain
(47 Points)
Replied 23 March 2021
Sir, that is already know, it is very apparent, I am asking something else,
I meant if it is personal in nature then I want a ref. of a case law supporting the non deduction
I meant if it is personal in nature then I want a ref. of a case law supporting the non deduction
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 23 March 2021
Yes tds is to be deducted as turnover exceeds 1 crores rupees
Naveen
(student)
(334 Points)
Replied 23 March 2021
Can u plse explain. Are u saying U have a business and it's turnover exceeds 1 crore. But this TDS in question is for ur personal exp. It's not at all related to ur business..? In that case TDS is applicable or not..?
Is that what u mean personal in nature..?
Is that what u mean personal in nature..?
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