Tax deduction on commission lowered for non-individual payers, altering withholding obligation for payers and payees. Amendment reduces the withholding rate under section 194H for resident commission and brokerage payments by non-individual payers, preserving existing ... Summary
Tax deduction on commission lowered for non-individual payers, altering withholding obligation for payers and payees.
Amendment reduces the withholding rate under section 194H for resident commission and brokerage payments by non-individual payers, preserving existing timing and modes of deduction (at credit or payment, whichever is earlier) and taking effect from 1st October, 2024.
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