Tax deduction at source on commission and brokerage requires timely withholding, deposit, certificate issuance, and TAN compliance. Section 194H requires non-individual payers to deduct tax at source on commission or brokerage at the time of credit or payment; commission includes payments for non professional services and credits to any account are treated as payment. Constructive receipt by agents triggers deduction by principals. Deductors must deposit tax within prescribed timeframes, may seek quarterly deposit permission, and face interest, penalties and possible prosecution for failures; they must also issue prescribed deduction certificates and quote TAN in documentation.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax deduction at source on commission and brokerage requires timely withholding, deposit, certificate issuance, and TAN compliance.
Section 194H requires non-individual payers to deduct tax at source on commission or brokerage at the time of credit or payment; commission includes payments for non professional services and credits to any account are treated as payment. Constructive receipt by agents triggers deduction by principals. Deductors must deposit tax within prescribed timeframes, may seek quarterly deposit permission, and face interest, penalties and possible prosecution for failures; they must also issue prescribed deduction certificates and quote TAN in documentation.
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