TDS on Brokerage paid for Sales of Property
This query is : Resolved
26 December 2019
I am coming under 44AB. I have sold my residential flat and I have income under head of Long term Capital gain I paid brokerage on sales of my flat Rs. 50000/- Pl suggest me whether I should deduct TDS u/s 194H since my income forming part of LTCG and it is used for my resience
27 December 2019
Not required, as Rs.50000/- brokerage paid is not claimed as business expenditure.
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