194h
This query is : Open
24 May 2017
Dear Friends,
Is TDS U/S 194H deducted on the amounts paid by Individual or HUF for their personal purpose. For example brokerage paid by an individual for purchase of Flat for own purpose, who has a proprietory business and comes under the ambit of Section 44AB. Will he be liable to deduct TDS U/s 194H on brokerage paid to a dalal for purchase of flat for his own purpose. Please help to clear the doubt
Is TDS U/S 194H deducted on the amounts paid by Individual or HUF for their personal purpose. For example brokerage paid by an individual for purchase of Flat for own purpose, who has a proprietory business and comes under the ambit of Section 44AB. Will he be liable to deduct TDS U/s 194H on brokerage paid to a dalal for purchase of flat for his own purpose. Please help to clear the doubt
25 May 2017
Since it is personal expenses you can consider the same as drawing no need to deduct TDS.
25 May 2017
Apart from 194C 194J in 94H there is no express provision for this. I mean nowhere it is mentioned that TDS is not to be deducted if an individual or HUF pays it for his personal purpose
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