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Tds on commission
Do i need to deduct TDS on commission invoices received per month of Rs. 1500 / each. Please advise.
Replies (4)
please mention section , 194D , 194G or 194H of Income Tax act 1961 for commission received .
If Aggregate of Payments to a Person exceeds Rs.15,000 then you required to deduct TDS @ 5%.
Section 194H, Prasad sir and Thank you Animesh sir.
For 194 H commission Threshold. limit is 15000/- @ 5% as chowdhary sir mentioned .
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