tds
This query is : Resolved
13 March 2017
can I pay commission on sale upto rs 150000 without deduct tds
CA Gopal Somani
(Expert)
14 March 2017
As per section 194H TDS @ 5 % is required to be deducted on any income by way of commission or brokerage to resident exceeding 15000, by the person responsible for such payment except those individual & HUF whose accounts were not required to be audited u/s 44AB.
If your accounts were audited in last financial year (preceding previous year) then you have to deduct TDS as per section 194H
If your accounts were audited in last financial year (preceding previous year) then you have to deduct TDS as per section 194H
14 March 2017
dear sir
my accounts were not audited in last financial year because we have newly start business from 1-12-2016
Dhirajlal Rambhia
(Expert)
24 October 2021
No need to deduct tds in your case.
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