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.
You can get in touch with us at firstname.lastname@example.org or give call us on 011 39595559, for all TDS related queries.
Identity Late Deductions
Prepare 24Q, 26Q, 27EQ
Create and Validate FVU File