194h
This query is : Resolved
B Venkatesh
(Querist)
07 July 2015
1.
I paid Rs.6000/- as commission, how much TDS i need to deduct. is it RS 600/- (6000*10%) or (6000-5000)*10%
2.
is 194h limit is for single transaction or for a period like 194C
3.
If its for period Please consider this
commission paid - 4000
Again after some period but in same year commission paid - 2000
Now what is TDS to be deducted on Rs.2000/-
I paid Rs.6000/- as commission, how much TDS i need to deduct. is it RS 600/- (6000*10%) or (6000-5000)*10%
2.
is 194h limit is for single transaction or for a period like 194C
3.
If its for period Please consider this
commission paid - 4000
Again after some period but in same year commission paid - 2000
Now what is TDS to be deducted on Rs.2000/-
Deepti Asawa
(Expert)
07 July 2015
1. Rs. 600 TDS
2. Rs. 5000 limit is for a period
3. When commissio paid more than 5000 than TDS should be deducted on whole amount that is Rs. 6000
2. Rs. 5000 limit is for a period
3. When commissio paid more than 5000 than TDS should be deducted on whole amount that is Rs. 6000
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B Venkatesh
(Querist)
09 July 2015
in case of Q.3 on payment Rs.2000/- we have to deduct Rs.600/- right, if iam Wrong please correct
Deepti Asawa
(Expert)
09 July 2015
Yes, you are right. You should deduct Rs. 600
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