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TDS deduction

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(Querist)
18 February 2008 Whether TDS is liable to be deducted by the broker on Transaction fees charged by commodity exchange(NCDEX)??
Under what section??
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CA Hemant T Dewani

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CA Hemant T Dewani (Expert)
18 February 2008 the broaker is charge commission on sales
of commodity.the tds on commission is u/s
194H tds is to be deducted if total payment is in excess of rs.2500/-
tds is @10%+ec+shec.

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