TDS on Mutual Fund
This query is : Resolved
M Janak Rao
(Querist)
20 October 2007
no Deduct Income TAx TDS on Mutual Fund brocker commission ? but service tax is deducted.what is the reasons
M Janak Rao
(Querist)
20 October 2007
Kindly Reply me
S.RAVICHANDRAN
(Expert)
20 October 2007
Service Tax Act and Income Tax Act is different subjects altogether. If the Service Tax Tariff requires Tax to be paid on that service , then it is payable.
If the Income Tax Act requires a payment to be deducted TDS then, it is liable.
Broker commission is liable for TDS under section 194 H if the commission exceeds Rs.2500/-.
If the Income Tax Act requires a payment to be deducted TDS then, it is liable.
Broker commission is liable for TDS under section 194 H if the commission exceeds Rs.2500/-.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- IMS (import of goods) ITC related
- How do you manage client document collection and follow-ups in your CA/CS practice?
- GSTR9 Annual Return
- TDS- 2026-27 Q1 Correction
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- LLP audit and disclosure
- Form 144 TDS Return Validation Error – Mandatory Fields
- Ito add credit side of bank
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
