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TDS Rate for merchant banker

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(Querist)
19 March 2009 Dear Experts

Please let me know at what rate we should deduct the TDS on payment collection charges through our merchant banker.
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Rajesh Kumar

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Rajesh Kumar (Expert)
20 March 2009 The charges is a form of commission, deductible under 194H @10% plus education cess and surcharge.
However, commission charges on sale of securities are not covered in 194H.

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