what is limit for TDS on 194 H commission or brokerage
if it's company
invoice date 31/7/20
Soniya Teli (59 Points)
06 August 2020
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 06 August 2020
U/s 194H_Commission/Brokerage you have to deduct TDS if amount exceed 15,000 in a year at the rate of 5%
As you invoice is as on 31/07/2020 TDS rate applicable to you is 3.75% as it's fall within a date for which relaxation is given by government due to covid 19 situation.
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