TDS ON INSURANCE COMMISSION
This query is : Resolved
12 June 2020
We (KVGB Bank) having an agreement with CANARA HSBC for making insurance business. As a corporate agent we are getting commission from CANARA HSBC. At what rate and what section TDS should be made by CANARAB HSBC while making payment to us.
12 June 2020
5% TDS under section 194D applicable.
12 June 2020
They are saying TDS will be applicable at 10%
12 June 2020
No only 5% applicable.
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