Web12 Apr 2024 · Any person, not being an individual or a Hindu undivided family, who is responsible for paying, on or after the 1st day of June, 2001, to a resident, any income by … Web12 Apr 2024 · Sec 194H-Commission or brokerage; Sec 194I-Rent; ... This provision was introduced to tax such winnings from online gaming under section 194BA of the Income …
TDS – All about Tax Deducted at Source - ClearTax
Web3 Feb 2024 · Section 194M of the Income Tax Act covers various payments such as the Payment of commission (not being insurance commission), brokerage, contractual fee, and the professional fee to a resident person by an individual or a HUF who is not liable to tax audit as per Income Tax Act. ... 194H, or 194J have to deduct TDS under section 194M. … Web2 Feb 2024 · Section 194H of Income Tax Act: Tax deduction amount A tax deduction of 5% is done if you pay commission or brokerage fees totalling more than Rs 15,000 in a single … god odin of norse mythology
IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI ‘C’ BENCH, …
Web9 Jan 2024 · Under section 194H of the 1961 Income Tax Act, the deductible shall be deducted from TDS within the following dates – when the commission or brokerage is … WebSection 194H focuses on income tax levied on any income by means of brokerage or commission, by any individual accountable for paying to a resident. Persona and Hindu Undivided Family (HUF) who were covered under section 44AB are also mandated to subtract TDS. Section 194H does not entail insurance commission denoted in section … Web23 Nov 2024 · TDS rate under section 194H is 5% For the period 14 May 2024 until 31 March 2024 the TDS rate is 3.75% If the payee does not quote the PAN number to the deductor, then the TDS rate will be 20% The deductor must not add any surcharge, education cess, or SHEC to the TDS rate. The TDS rate is the basic rate. god odin facts and myths