17 November 2009
Commission or brokerage is covered in section 40(a)(ia) and accordingly tax deduction u/s 194 H attracts for such payments. But u being an individual provisions of section 194 H is not applicable. To conclude the section referred by u is wrong. So also the observation of your consultant is not correct.
N.b:- The query has been erased while I was in the process of answering which seems is not a fair practice on which the club authorities should take action.
CAclubindia
