Tds
This query is : Resolved
06 June 2015
A Broker received a commission after deduction of TDS by builder.
After receiving commission he (broker) a part of commission pass on to their client (who purchase the apartment).
My question is that, should Broker deduct TDS on amount which is pass on to their client ?
If yes, then in which section TDS should be deducted 194C, or 194H.
a contract between client and broker is made that, after receiveing Brokerage commission, a part of commission will be given to client.
After receiving commission he (broker) a part of commission pass on to their client (who purchase the apartment).
My question is that, should Broker deduct TDS on amount which is pass on to their client ?
If yes, then in which section TDS should be deducted 194C, or 194H.
a contract between client and broker is made that, after receiveing Brokerage commission, a part of commission will be given to client.
06 June 2015
The nature of payment is also commission so it will be deducted u/s 194H
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08 June 2015
It can similar to sub-agent commission payment and tds u/s 194H will be applicable.
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