T.d.s on brokerage
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 May 2015
My client received brokerage 5000 to 20000 from various partyes who has no liabilities for Audit, please inform me about TDS liabilities in detail.
Thanks
Girish Shah
Thanks
Girish Shah
10 May 2015
those parties wont deduct TDS in such a case. So your client will have to pay tax on his own as self assessment tax/advance tax
11 May 2015
In case your client is Individual/ HUF then they will not deduct TDS but in case of any other entity like Firm, Company etc TDS will be deducted from you u/s 194H @ 10% if the threshold limit of Rs 5000/- is crossed.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- LC charges in relation to Asset purchased should be Capitalised ?
- Multiple trade mark
- Transporter Declaration form
- Regarding TDS Applicability For Director Remuneration
- Regarding appeal to GSTAT
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Form 121 & TDS deduction
- Value of property in capital gain
- Copyright software
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
