Insurance commissions paid to 51 agents were below INR 15,000 for the financial year, and no taxes were deducted. However, the processed statement (26Q Q4 FY2022-23) shows defaults and the justification file calculates a 5% tax for all cases, despite payments being under INR 15,000. I have also verified the payment of all quarters using the Traces TDS credit option and it is below 15,000 there as well.
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SHORT DEDUCTION IN 194D FOR BELLOW RS 15000 CASES
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Quick Summary
You must have done any mistake in filing the return. Obtain the paid consultancy of any professional to verify the returns.
In case of any further queries, kindly mail me at casoravgupta @ gmail.com
Thanks & Regards
CA. Sorav Gupta
(Practicing Chartered Accountant)
NO TDS TO BE DEDUCTED.
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