Whether TDS provisions-- Section 194H is applicable in case of payments of Brokerage to Sub-brokers (Registered with SEBI)by National Stock Exchange and/or Bombay Stock Exchange Broker on transactions of purchase and sale of Shares/Securities?
Any Case Law in support of applicability or non-applicability of Section 194H?
23 March 2015
Sec.194H will not apply for the commission or brokerage in related to securities covered under Securities Contracts (Regulation) Act, 1956. Since shares is covered as securities under this act, TDS wont apply on the brokerage and commission on transaction of purchase and ale of shares/securities
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