The liability to deduct tax at source on insurance commission will arise when the commission paid or payable to an agent for the year exceeds —

CS Executive · Tax Laws and Practice · PYQS · December 2016
The liability to deduct tax at source on insurance commission will arise when the commission paid or payable to an agent for the year exceeds —
(A) ₹5,000
(B) ₹10,000
(C) ₹15,000
(D) ₹20,000.

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax

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