Hello,
We hire a shop on rent through a local broker and paid him Rs.25000/- as commission through cheque. transaction dated 22-11-2017 . Is TDS applicable on this transaction?
Menu
commission paid to estate agent for shop rent agreement
Replies (1)
There are certain conditions, where the deduction of TDS is exempted on commission or brokerage.
- If the amount paid or payable as commission or brokerage during the financial year does not exceed Rs 15,000
- Individual or a Hindu undivided family who is not applicable to Tax Audit during the immediately preceding financial year
Recent Topics :
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
Related Topics :
CAclubindia
