9911796707
TMI BlogCommission or brokerageX X X X Extracts X X X X X X X X Extracts X X X X ..... , at the time of credit of such income to the account of the payee or at the time of payment of such income in cash or by the issue of a cheque or draft or by any other mode, whichever is earlier, deduct income-tax thereon at the rate of 9[two per cent] : Provided that no deduction shall be made under this section in a case where the amount of such income or, as the case may be, the aggregate of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to their public call office franchisees.] Explanation.-For the purposes of this section,- (i) "commission or brokerage" includes any payment received or receivable, directly or indirectly, by a person acting on behalf of another person for services rendered (not being professional services) or for any services in the course of buying or selling of goods or in relation to any transact ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ll be deemed to be credit of such income to the account of the payee and the provisions of this section shall apply accordingly.] ----------------------- Notes ;- 1. Reintroduced by the Finance Act, 2001, w.e.f. 1-6-2001. Earlier section 194H was omitted by the Finance Act, 1999, w.e.f. 1-4-2000. Prior to its omission, section 194H, was inserted by the Finance (No. 2) Act, 1991, w.e.f. 1-10-19 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ousand rupees] "
8. Substituted vide Finance Act, 2020 dated 27-03-2020 w.e.f. 01-04-2020 before it was read as
"the monetary limits specified under clause (a) or clause (b) of section 44AB"
9. Substituted vide Section 57 of the Finance (No. 2) Act, 2024 dated 16-08-2024 w.e.f. 01-10-2024 before it was read as, "6[ five per cent. ]"
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