Hi Sir/Madam
As per Section 194 H TDS has to be deducted at 2%(effective from 01.10.2024) on the commission and Brokerage
If PAN is not furnished, TDS will be deducted at the rate of 20% or the rates in force whichever is higher.
Here the law makers intention is "rates in force" means "2%"
Please advise
CAclubindia
