Tds on insurance commission
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 July 2013
How much is limit of deducting TDS on insurance commission to agent. Is it aggregate of INR 20,000/- in year or one time payment of INR 20,000/?? Pls clarify
24 July 2013
Rs 20000/- is Annual limit i.e., Aggregate during the Financial Year.
Message likes :
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CA Parul Saxena
(Expert)
24 July 2013
Whenever the limit of Rs.20000 crosses you are supposed to deduct tds whehther it crosses in a month or in a year......
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