Tds on insurance commission
Section: 194D
Payer: Any person
Payee: Any resident
Nature of payment: commission or otherwise, for soliciting or procuring insurance business [including continuance, renewal or revival of policies of insurance]
No Tds :
- Comission paid upto ₹15,000.
- Self-declaration under Form 15G/ 15H
Tds rate:
- Domestic company-10%
- Others-5%
Source " income tax india"
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