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TDS u/s 194h help

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CA inter
61 Points Joined January 2021
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??
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On 26 May 2021 at 12:15 Report
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Learner
2398 Points Joined May 2019
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.
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On 26 May 2021 at 12:28
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CA inter
61 Points Joined January 2021
On total 20000 ??
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On 26 May 2021 at 12:29
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Chartered Accountant
24588 Points Joined November 2019
If commission payment exceeds 15000 rupees then TDS should be deducted u/s 194H
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On 26 May 2021 at 12:39
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Learner
2398 Points Joined May 2019
Yes on total payment
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On 26 May 2021 at 12:44
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CMA
13117 Points Joined May 2009
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
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On 26 May 2021 at 14:09
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Chartered Accountant
24588 Points Joined November 2019
TDS on 20000 rupees should be deducted
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On 26 May 2021 at 14:13
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tax consultant
3306 Points Joined October 2018
Please note that you have to deduct tds on the day of recording commission expense and not when you are settling your dues.
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On 26 May 2021 at 14:39
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Chartered Accountant
24588 Points Joined November 2019
Yes agree with veer
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On 30 May 2021 at 06:07

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