Section 194H contains guidelines about Tax Deductions on the amount paid as Brokerage or commission. Entities making a payment as commission or brokerage to a resident have to make a tax deduction at a 5% rate.

This amount has to exceed Rs. 15,000 in one financial year otherwise individual/HUF are not responsible to deduct TDS. However, individual and HUF who are liable to tax audit under Section 44AB must make tax deductions under Section 194H. TAN and PAN of both …

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