Income Tax

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28 May 2010 What Type of brokerage inculdes for Purpose of Sec.194H

Aditya Maheshwari

Aditya Maheshwari (Expert)
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28 May 2010 (i) “commission or brokerage” includes any payment received or receivable, directly or indirectly, by a person acting on behalf of another person for services rendered (not being professional services) or for any services in the course of buying or selling of goods or in relation to any transaction relating to any asset, valuable article or thing, not being securities;

(iii) the expression “securities” shall have the meaning assigned to it in clause (h) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956) ;