Tds _ brokerage

This query is : Resolved

CHAITRALI RAVINDRA DABADE (Querist)
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25 July 2014 I paid total brokerage of Rs. 503736/-
& i have not deduct TDS on it as i am not liable under 44AB.
so can I claim Brokerage as Expenses under
Income tax ?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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25 July 2014 if u have not deducted tds on this transaction then no exp is allowed while computing income from business or profession.

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CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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25 July 2014 if u have not deducted tds on this transaction then no exp is allowed while computing income from business or profession.

Nischit Sanghavi

Nischit Sanghavi (Expert)
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25 July 2014 You can claim expense under Income Tax as you are not liable to deduct TDS.

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Nikhil Kaushik

Nikhil Kaushik (Expert)
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25 July 2014 as nischit as clarified, no disallowance is attracted in your case as you are not covered under 44AB audit.

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