A comprehensive guide to understanding TDS levied on commission and brokerage.
WHO IS THIS GUIDE FOR ?
Persons who are earning income from commission or brokerage.
People are under the presumption that Presumptive Taxation is applicable to Income from commission but technically it is not correct.
The deductee (person whose tax is deducted) can make an application to the assessing officer under section 197 for deduction of tax at NIL rate or at a lower rate.
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