Section 194h Of Revenue Tax Act Tds On Fee & Brokerage
Individuals and HUFs with a turnover exceeding Rs. 1 crore and skilled earnings exceeding Rs.50 lakhs also need to deduct TDS. However, it does not embody insurance commission, as provided in section 194D. Commission agents negotiate favorable terms and circumstances for commodity transactions on behalf of their purchasers. However, in case the payee fails to…