As a trader paying commission to marketing executives, you are generally required to deduct Tax Deducted at Source (TDS) under Section 194H at a rate of 5%. This deduction is applicable provided you were liable for a tax audit in the preceding financial year under Section 44AB(a).
01 February 2021
SIR I am a trader. I have appointed the marketing executives to speed up the sales on the basis of Commission. Should I deduct the TDS on the payment of commission to the executives.