Till 31.5.2016

 

Section

 

 

Description

 

 

Cut off

 

 

Rate of TDS

 

Section 194 H

Payment of Commission

5000 p.a.

 10%

Section 194H Commission has been reduced to 5% and Cutoff increased to 15000 from 1 june 2016 onwards

FROM 1.6.2016

Section

 

Description

 

 

Cut off

 

 

Rate of TDS

 

Section 194 H

Payment of Commission

5000 p.a.   15000 p.a.

  10%  5%

Questions

Q1.

Building purchased for 40 lacs from DLF 2% Commission paid to Khosla Properties

View Answer

Q2.

Cash Sales 5000 pieces @ 60 each Rs 300000.Commission paid to Sales Agent Amit  @ Rs 20 per piece 

View Answer

Section 194H TDS on Commission - Rates of TDS

 

 

  1. Tax Practical
  2. Practical TDS (Non Salary)
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CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
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