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TDS on Mutual Fund

This query is : Resolved 

20 October 2007 no Deduct Income TAx TDS on Mutual Fund brocker commission ? but service tax is deducted.what is the reasons

20 October 2007 Kindly Reply me

20 October 2007 Service Tax Act and Income Tax Act is different subjects altogether. If the Service Tax Tariff requires Tax to be paid on that service , then it is payable.
If the Income Tax Act requires a payment to be deducted TDS then, it is liable.

Broker commission is liable for TDS under section 194 H if the commission exceeds Rs.2500/-.




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