Section 194H: TDS on Commission and Brokerage – FAQs

• May 9, 2020
• CA Chandan Agarwal's Office

QUESTIONS AND ANSWERS ON SECTION 194H

Any person who is responsible for paying any income by way of commission (other than insurance commission) or brokerage to a resident shall deduct income tax at the rate of 5% under Section 194H of Income Tax Act, 1961. Today I am covering some important FAQ regarding Section 194H.

Q.1 who is responsible to deduct tax under Section 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.

Read on me: https://taxguru.in/income-tax/section-194h-tds-commission-brokerage-faqs.html