Section 194H of ITA, 1961 : Section 194H: Commission Or Brokerage

ITA, 1961

JavaScript did not load properly

Some content might be missing or broken. Please try disabling content blockers or use a different browser like Chrome, Safari or Firefox.

Explanation using Example

Imagine a company, XYZ Pvt. Ltd., that sells products through various agents. These agents are paid a commission for the sales they generate. If one of the agents, Mr. A, generates sales leading to a commission of ₹20,000 in a month, XYZ Pvt. Ltd. must deduct income tax at the rate of 5% from Mr. A's commission because the amount exceeds the threshold of ₹15,000 for the financial year. This means Mr. A will receive ₹19,000 after a tax deduction of ₹1,000 (which is 5% of ₹20,000)...

Login to access all pages and read more content.

To disable ads and read rest of the premium content, subscribe to KanoonGPT Pro.

Update: Discover how KanoonGPT revolutionizes legal research! Watch our demo video on the homepage to see how you can chat with various legal sections using our innovative hybrid AI search. Enjoy free unlimited AI access for a limited time!
Update: Page bookmarking and open in new tab is now supported! Simply use your browser's bookmark manager to save this page for quick access later.
Update: All Judiciary Acts to be available within a week.

Download Digital Bare Acts on mobile or tablet with "Kanoon Library" app

Kanoon Library Android App - Play Store LinkKanoon Library iOS App - App Store Link