Question
What is the rate of Tax Deduction at Source from
insurance commission? (Commission amount is ₹20,000 and assessee is an individual)Solution
Section 194D is applicable for all such payments made to a resident whether they are an individual, company or any other category of persons. The rate of TDS in case of Domestic companies is 10% whereas for persons other than company is 5%, however no TDS is required to be deducted if commission paid does not exceed Rs.15,000.
More Accounts Questions
- Find the wrong number, in the given number series.
1, 8, 27, 65, 125, 216 2592 1300 656 331 169.5 88.75
...164, 304, 433, 551, 658, 752
20, 22, 47, 145, 585, 2920
Find the wrong number in the given number series.
24, 47, 76, 107, 144, 189
23, 36, 53, 69, 95, 124, 155
Find the wrong number in the given number series.
2, 3, 5, 8, 13, 22, 34Find the wrong number in the given number series.
15, 195, 575, 1155, 1935, 2915
121, 240, 386, 555, 751, 976
128, 132, 123, 139, 113, 150
