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ITA 1961 → ITA 2025TDS

Section 194H Section 214

TDS on Commission or Brokerage

RetainedHigh - Affects real estate agents, insurance agents, and distributors.

Quick Answer

Section 194H of the Income Tax Act, 1961 (TDS on Commission or Brokerage) corresponds to Section 214 of the Income-tax Act, 2025, effective 1st April 2026. Status: Retained.

What changed for Section 194H

Under the Income Tax Act, 1961, Section 194H governs TDS on commission or brokerage. TDS @ 5% on commission/brokerage exceeding Rs. 15,000.

Under the Income-tax Act, 2025 (effective 1st April 2026), Section 194H is retained and renumbered as Section 214 of the Income-tax Act, 2025. Retained. Rate reduced to 2% in the latest Finance Acts to ease working capital for small agents.

The transition impact on Section 194H is assessed as High. Affects real estate agents, insurance agents, and distributors.

Old Law (ITA 1961)Ch: XVII-B

Sec 194H

Provision Summary

TDS @ 5% on commission/brokerage exceeding Rs. 15,000.

New Law (ITA 2025)Ch: XIX

Sec 214

Provision Summary

Retained. Rate reduced to 2% in the latest Finance Acts to ease working capital for small agents.

Key Changes & Highlights

  • Statutory rate reduced from 5% to 2%.

Frequently Asked Questions

Which subject does Section 194H of the 1961 Act cover?

Section 194H of the Income Tax Act, 1961 covers TDS on commission or brokerage. TDS @ 5% on commission/brokerage exceeding Rs. 15,000.

What is the new section number for Section 194H under the Income-tax Act, 2025?

Section 194H of the Income Tax Act, 1961 maps to Section 214 of the Income-tax Act, 2025, effective 1st April 2026 (status: Retained). Retained. Rate reduced to 2% in the latest Finance Acts to ease working capital for small agents.

How does the Income-tax Act, 2025 affect Section 194H in practice?

The transition impact for Section 194H is rated High. Affects real estate agents, insurance agents, and distributors.

What is new about Section 194H under the Income-tax Act, 2025?

Statutory rate reduced from 5% to 2%. These points are specific to Section 194H (TDS on Commission or Brokerage).

Disclaimer: This mapping of Section 194H (TDS on Commission or Brokerage) to Section 214 of the Income-tax Act, 2025 is for educational and reference purposes only, based on publicly available drafts and circulars. As Section 194H is currently marked Retained, always confirm its treatment with a qualified Chartered Accountant before filing or making compliance decisions.

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