Tds on brokerage
This query is : Resolved
17 February 2020
Dear Sir,
I have purchased a commercial house property in my individual name and putting the property on rent. I have appointed a broker to whom I have to pay brokerage of Rs 90,000/-. Do I need to deduct TDS on this amount as I don't have a TAN number in my personal name.
Regards,
Divyesh Jain
I have purchased a commercial house property in my individual name and putting the property on rent. I have appointed a broker to whom I have to pay brokerage of Rs 90,000/-. Do I need to deduct TDS on this amount as I don't have a TAN number in my personal name.
Regards,
Divyesh Jain
18 February 2020
TDS applicable if you are liable for tax audit. You need to obtain TAN.
18 February 2020
No.. I am not liable for tax audit. But brokerage amount to be paid will be 95000.
18 February 2020
No need of TDS on this payment as tax audit not applicable to you.
18 February 2020
Thanks a lot for the reply
18 February 2020
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