Hii
I wanted to ask about TDS on Commission..
How can pay TDS on Commission & how to file return for the same..
Please share if any link to pay TDS on Commission & which Challan No./Form No is applicable for the same.
Harshali
Menu
Tds on commission
Replies (4)
Section 194H of Income Tax 1961 deals with TDS on commission. It is deducted at the rate of 10% on the amount of commission paid. Maximum ceiling amount u/s 194H is currently Rs. 5000/-. After deducting TDS on commission it is deposited to the government (Income Tax) in challan no. 281 and entry of the same is submitted in Form 26Q (Quarterly).
Agree with Vikas Gupta.
U have to file 26Q for the same in at the end of respective quarter.
amount to deduct tds on commission is revised from 5000 to 15000
Yes u are right sir but it is from 01.06.2016
Recent Topics :
- 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
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
