Tds On Commission U/S 2024
Tds On Commission U/S 2024. This rate applies to authorised entities that are neither an individual nor a hindu undivided family. The tds rate on commission or brokerage paid to individuals or hufs is proposed to be reduced from 5% to 2%.
This change will take effect from october 1, 2024. As per section 194g, any person who pays an income by way of commission, remuneration, or prize on a lottery ticket to a person.