we belong to family of insurance agents,mutual funds agents,deposit mobilisation for banks, company, nbfc etc. my commission income is Rs 120000/- not liable to tax but tds deduction @ 10% is made on income because of section 194J .MY hard earned money is deducted and paid to me after almoist 2 years. with 6% interest whereas I pay 10.75 % interest on my home loan. WHY TDS is deducted on my income even if I am not liable to pay tax. I have to pay professional fees to consultants to get my money. Please protect this family of more than 25 lakhs agents from this problem
Re: tax deducted at source
by manoj rawat on Feb 10, 2010 04:54 PM Permalink
"25 lakhs agents" hmmmm the number will attract the govt I think... good amount of votes. I think they will take it pretty seriously.
