Tds

Save Share

Join Us Follow Us Add as Source

This query is : Open

Report Query Ask a Query

Robin Singla

Robin Singla (Querist)

05 April 2018 Hi Everyone,
I want to know about the TDS treatment on foreman commission of chit fund company?

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)

05 April 2018 TDS deduction shall be made under this section in a case where the amount or the aggregate amounts of such Commsiion to be paid during the financial year does exceed INR 15,000 u/s 194H TDS to be deducted @5% from Payment of Commission to Party.

Robin Singla

Robin Singla (Querist)

05 April 2018 But in sec 194H there is nothing mentioned about TDS deduction on foreman commission. Any relevant case etc. on it. Its very urgent.

RAJA P M

RAJA P M (Expert)

05 April 2018 Section 194H is for income taxdeducted on any income by way of commission or brokerage, by any person responsible for paying to a resident. Individuals and Hindu Undivided Family who were covered under section 44AB are also required to deduct TDS.... It's stated as "Anyway if the Commission or Brokerage"....

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now