Commission section

179 views
User Avatar

59 Points Posted on 12 September 2020
what is commission section for sale Mask and limit
I have get invoices amount 1,70,527 and please confirm what is TDS rate
0 Reply Share Follow
On 12 September 2020 at 17:08 Report
Replies (2)
Quick Summary
This discussion clarifies the TDS rate applicable to commission payments. While Section 194H typically mandates a 5% TDS deduction, a reduced rate of 3.75% was in effect for transactions between 14 May 2020 and 31 March 2021. This information is crucial for accurately processing invoices and understanding tax obligations.

User Avatar

574 Points Posted on 12 September 2020
The rate of TDS is 5%. The rate is 3.75% for transactions from 14 May 2020 until 31 March 2021
1 Reply
On 12 September 2020 at 20:20
User Avatar

Chartered Accountant
412 Points Posted on 12 September 2020

Section applicable is 194H which privides tds to be deducted at 5%. However it has been reduced to 3.75% till 31 march 2020

Reply
On 12 September 2020 at 21:54

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Partnership tax audit query
  2. ERROR SHOWING PARTNER REMUNERATION ITR 3 TIME OF V
  3. Form 146 foreign remittance us citizen
  4. GST 16(2) notice
  5. Which GSTR-1 upload error do you hit most often?
  6. Need advice regarding accounting fees
  7. Is it possible to get a refund for an accidental o
  8. ITR-3 Section P&L - speculative income - no bo
  9. Foreign Assets reporting
  10. Build corpus in HUF

More recent discussions | Post

Related Topics :

Loading