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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.
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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 |
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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