Tds under section 194h

Dear sir, 

I am having doubt that Can an assessee who is receiving income under section 194H receiving the brokerage income in his spouse account and paying tax in the spouse ITR by giving his spouse PAN? If not which section prohibits the assessee to do such. As it is not a clubbing of income because assessee is receiving income in his spouse and giving his wife's PAN. It clearly states that his wife is receiving brokerage income amd he is paying tax from his wife ITR also. 

 

Nowadays people are not ready to allow assessee to take the income in his spouse bank account after the PAN details.I really want to know the reason.

Please help!. 

 

Replies (1)

In case, the wife (and not himself) is registered as broker/agent with the principal like LIC etc. with all the KYC done with wife's PAN; (even though he may be working for the commission income), on paper wife works for the business, and  clubbing of income would be out of question.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
13 November 2026
Accountant

New Mobile India

Muzaffarpur

B.Com

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
12 November 2026
Tax Product Specialist

BharatX.ai

Gurgaon

B.Com

View Details
Company
Featured 07 November 2026
Paid Assisstant

DPV & Associates

Chennai

CA Inter

View Details
Company
Featured 07 November 2026
Chartered Accountant

DPV & Associates

Chennai

CA

View Details
Company
Featured ARTICLESHIP 31 October 2026
CA Articleship

apricus india

Navi Mumbai

CA Inter

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details