TDS on commission and brokerage: increased monetary thresholds for applicability, distinguishing business and professional receipts. Amendment revises section 194H by replacing the prior cross-reference to section 44AB monetary limits with explicit monetary thresholds distinguishing ... Summary
TDS on commission and brokerage: increased monetary thresholds for applicability, distinguishing business and professional receipts.
Amendment revises section 194H by replacing the prior cross-reference to section 44AB monetary limits with explicit monetary thresholds distinguishing business receipts from professional receipts, thereby changing the applicability criterion for tax deduction at source on commission and brokerage.
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