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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.

Answers were Sorted based on User's Feedback



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%.

Is This Answer Correct ?    23 Yes 0 No

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.

Is This Answer Correct ?    0 Yes 0 No

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