https://www.taxtmi.com/circulars?id=5036 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. en-us Wed, 04 Dec 1991 00:00:00 +0530 Fri, 08 Aug 2008 16:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5036 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. Circulars Income Tax Wed, 04 Dec 1991 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5036