TDS on commission and brokerage-Section194H

Person Responsible to Deduct Tax:

Any person, not being an individual or HUF whose accounts are not subject to tax audit in the preceding year.

Category of Payee:

Any person resident in India.

Rate of Deduction of Tax:

10%

Note: TDS has to be made on total payments inclusive of service tax.

No TDS

Time for Deduction of Tax:

At the of the credit to the account of payee or payment, whichever is earlier

Time for Deposit of TDS:

In case of deduction by or on behalf of Government, on the same day.

In all other cases:

Deduction of Tax at Lower Rate or Non-Deduction of Tax:

Application of Form No. 13 shall be made to the assessing officer.

Certificate in Plain Paper shall be issued by the assessing officer to the assessee.