tds u/s 194h on brokerage
K Ramakrishna Rao (Asstt audit officer) (40 Points)
06 July 2016
Is tds u/s 194h deducatable on brokerage paid on sale of property
3 Replies
CA Harshal Totla
(Chartered Accountant)
(2229 Points)
Replied 07 July 2016
Commission or brokerage includes any payment received or receivable, directly or indirectly, by a person acting on behalf of another person:
(a) for services rendered (not being professional services), or
(b) for any services in the course of buying or selling of goods, or
(c) in relation to any transaction relating to any asset, valuable article or thing, not being securities.
Hence, above transaction will fall be liable for tds u/s 194H
(a) for services rendered (not being professional services), or
(b) for any services in the course of buying or selling of goods, or
(c) in relation to any transaction relating to any asset, valuable article or thing, not being securities.
Hence, above transaction will fall be liable for tds u/s 194H
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