If I pay 5000 commission this month...and 15000 in next month..to the same person...
Am I liable to deduct tax u/s 194H??
Menu
TDS u/s 194h help
Replies (8)
Quick Summary
If you are an individual or HUF whose turnover exceeds 1 crore or gross receipts exceeds 50Lakhs during the previous financial year then you have to deduct TDS u/s 194H as amount exceeds 15k in aggregate.
On total 20000 ??
If commission payment exceeds 15000 rupees then TDS should be deducted u/s 194H
Yes on total payment
When you initially pay 5k, it is not mandatory to deduct tax at source. However, on subsequent payment, tax to be deducted on entire 20k
TDS on 20000 rupees should be deducted
Please note that you have to deduct tds on the day of recording commission expense and not when you are settling your dues.
Yes agree with veer
Recent Topics :
- TDS on property
- Company data for software
- Car purchase to be eligible for ITC
- GST Refund on payment to builder
- TDS u/s 194Q on electricity supply by DHBVN etc.
- Subject: Can I Apply for Fresh GST Registration on
- Additional place in GST RC
- Company 3 months old, INC-20A not filed, all 3 of
- How do I choose the Best GST Lawyers in New Delhi
- Loss on sale of residential flat after indexing al
Related Topics :
CAclubindia
