03 March 2022
Generally no need to deduct tax. But, if you have business/profession and the turnover in last year is more the Rs. 1,00,00,000/ Rs.50,000, then income tax has to be deducted u/s 194H.
03 March 2022
Ye, if you are an Income Tax assessee as an individual or a HUF then TDS deduction on brokerage is only required if your boos of accounts were audited in the previous FY. Further, in all other cases deduct TDS @5% on brokerage
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