#section 194h

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Section 194H – TDS from Commission and Brokerage - FAQs

Section 194H – TDS from Commission and Brokerage – FAQs

QUESTIONS AND ANSWERS ON SECTION 194H

Q.1 who is responsible to deduct tax u/s 194H?

Ans. Any person, (other than individual or a Hindu undivided family) who is responsible for paying, to a resident, any income by way of commission (not being insurance commission referred to in section 194D) or brokerage, shall, deduct income-tax thereon. (more…)

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[taxgurusandeep]

TDS U/s. 194H not deductible on Product Discount Schemes

TDS U/s. 194H not deductible on Product Discount Schemes

CA Sandeep Kanoi

The Respondent – assessee is engaged in the business of manufacturing and trade of biological vaccines and animal health care pharmaceutical products. The assessee sells its products either through consignment, commission agents or directly through the distributors / stockists. For the purpose of selling its products the assessee had appointed consignment agents in various…

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Don't Take TDS Lightly

Don’t Take TDS Lightly

CA Siddhi Rajani

Nowadays delay in payment of TDS and in TDS return Filing makes an assessee liable to Late Payment Interest, Late Payment Penalty, Late Filing Fees, Late Filing Penalty and Further makes him liable to prosecution under the provision of the Income Tax Act, 1961. In this article we are discussing some of these provisions which makes it clear that TDS cannot be taken lightly and we…

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[taxgurusandeep]

TDS not deductible on Payments to banks for utilization of credit card facilities are in

The issue is as to whether the payment in question can be termed as commission paid for rendering services by the bank to the assessee for the recovery of the bill amount and so, whether TDS was deductible thereon u/s 194H and whether non-compliance…

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[taxgurusandeep]

TDS not deductible on sum paid to banks for utilization of credit card facilities

Commission paid to the credit card companies cannot be considered as falling with in the purview of S.194H. Even though the definition of the term “commission or brokerage” used in the said section is an inclusive definition, it is clear that the…

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