05 January 2013
Dear Deepak can you please send me any circular/leagal case or any other which says 194H excludes securities. as per my knowledge brokerage is dealth by 194 H.
06 January 2013
Explanation.—For the purposes of this section,— (i) "commission or brokerage" includes any payment received or receivable, directly or indirectly, by a person acting on behalf of another person for services rendered (not being professional services) or for any services in the course of buying or selling of goods or in relation to any transaction relating to any asset, valuable article or thing, not being securities;
CAclubindia
