Deduction at source on insurance commission: payers must deduct tax on commission payments unless below exempt threshold. Section 194D requires deduction at source on payments of remuneration or reward to a resident for soliciting or procuring insurance business, triggered at ... Summary
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Deduction at source on insurance commission: payers must deduct tax on commission payments unless below exempt threshold.
Section 194D requires deduction at source on payments of remuneration or reward to a resident for soliciting or procuring insurance business, triggered at the earlier of credit or payment by any mode, with deductions made at rates in force and subject to a proviso exempting payments below a specified annual aggregate threshold.
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