1.is tds compulsory for commission paid on sales.2.if tds
return for is submited for the interest paid on unsecured
loans,what should be done.

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1.is tds compulsory for commission paid on sales.2.if tds return for is submited for the interest p..

Answer / arvind

1)194H COMMISSION OR BROKERAGE more than .Rs5000
then 10%.
2)194A INTEREST OTHER THAN INTERST ON SECURITY (BY BANK) more than Rs.10000 then 10%.

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1.is tds compulsory for commission paid on sales.2.if tds return for is submited for the interest p..

Answer / gurjinder s. batra

1 its mandatory to deduct tds if commision is more than exempt amout.
2 file an app to concern tds circle/ward to make necesary chages in challan. N then file correction statement.

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