Tds on bond commission
This query is : Resolved
Ketan Gondaliya
(Querist)
04 June 2012
We provide a investment services as a principal broker to the clients.
In this connection we have recd a Bond Commission Income from HUDCO Bond. We are also liable passout the same to our sub brokers / agents.
Is there any liability to deduct a TDS on passout of Bond commission in 194H.
Kindly guide us.
In this connection we have recd a Bond Commission Income from HUDCO Bond. We are also liable passout the same to our sub brokers / agents.
Is there any liability to deduct a TDS on passout of Bond commission in 194H.
Kindly guide us.
Prof. Bajaj
(Expert)
05 June 2012
Yes. In my opinion, If the commission is more than Rs. 5000 then you need to deduct at 10%.
Soumitra Basu
(Expert)
06 June 2012
I agree with Prof. Bajaj. I may add that if you do not deduct tds then the expenses shall be disallowance under section 40(1)(ia)
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Issuing of delivery challan by seller of goods
- MSME disclosure and disallowance
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
