17 January 2013
An investment company earned dividend of Rs. 10,00,000. It received Rs. 9,50,000 through broker after deduction of accounting fees charged of Rs. 50,000 by broker. Is there TDS liability arises on company? if yes under which section??
17 January 2013
first of all TDS is on payment but in your case company is receiving the money. So no TDS liability of company. means it will not deduct TDS on broker fee
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