TDS ON INSURANCE COMMISSION
This query is : Resolved
Quick Summary
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.
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
- Multiple payment of self assessment tax for A Y 2025-2026
- CAPITAL GAIN REDEVELOPED FLAT
- REGARDING ITR FILING QUESTION
- 44AD VS 44AB AUDIT
- Requirement under FEMA &RBI
- Computation of Dividend
- Clarification on GST Applicable for Training Hall Rent Invoice
- TDS on land property purchase Form-141 related query
- Old Traces Portal
- Multiple GST under same PAN
- Custom Morale Hat Patches UK
- GST Rate on Bakery Items registered under composition scheme
- TDS Intimation(Short Deduction)
- Correction in TDS return New Traces Portal
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
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
