TMI BlogCommission or brokerageX X X X Extracts X X X X X X X X Extracts X X X X ..... brokerage, shall, 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 6 [ five 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... igam Limited or Mahanagar Telephone Nigam Limited 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ch income, such crediting shall 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 6 before it was read as, 5 [five thousand 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 - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanage ..... X X X X Extracts X X X X X X X X Extracts X X X X
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