TDS
This query is : Resolved
05 January 2021
Dear Expert
An insurance agent receives commission from the insurance company under the section 194J. Should it not be under section 194H commission.
Would he be liable for 44ADA or tax audit as his TDS is deducted under section 194J or can he show it as commission income itself.
An insurance agent receives commission from the insurance company under the section 194J. Should it not be under section 194H commission.
Would he be liable for 44ADA or tax audit as his TDS is deducted under section 194J or can he show it as commission income itself.
25 September 2021
Declare it as commission income only. Not liable for any tax audit, if correct business code selected.
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