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Tds on commission

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 January 2014 Dear Sir,
We are investing some monthly money in Shri Ram Chits Funds. and one the redemption of the same they have charges a commission of Rs. 2.50 lacs. Please let us know we are liable to deduct TDS on commission amount.



Regards
Sanjeev Grover
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AVTAR SINGH

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AVTAR SINGH (Expert)
13 January 2014 Yes TDS has to be deducted u/s 194H
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
13 January 2014 yes tds applicable u/s 194H as it has crossed the threshold limit.




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