An assesee who has earned income which less than the minimum amount chargeable to tax and received insurance commission of Rs200,000(Ie is only he has earned).Is TDS will deducted at this income even if his income is less than minimum amount not chargeable to tax.please tell me TDS treatment please,
Menu
Tds query
Replies (2)
Insurance company will deduct TDS at 10% from insurance commission paid to the agent/advisor. The assessee should collect the TDS certificate from the insurance company and also check 26AS.
Recent Threads
- ITR for Trust- 12A
- Proprietorship to Pvt Ltd - Is Slump Sale / BTA ma
- Pan and Aadhaar Link Issue
- Fund Transfer to Foreign Country and TCS provision
- ITR updated return
- Company change Status from CIRP into Active
- Can a LLP Park money in MFs and do F&O
- ACCOUNTING TREATMENT FOR FIXED ASSETS STANDING AT
- GST Rule 14A and Form GST REG-32: Simplified Regis
- Filed Hotel commission from International Company
Related Threads
CAclubindia
