Srinivasamurthy SM (3 Points)
01 July 2023An individual who is doing brokerage business paid about Rs 5 lakhs by online transfer to another brokerage as commssion. Total rreceipt of brokerage for the year is less than Rs 15 lakhs hence he is not liable for tax Audit.
Is he liable to deduct TDS as per IT act for the assessment year 2023-24?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160835 Points)
Replied 01 July 2023
No. Not liable for TDS deduction.
Srinivasamurthy SM
(3 Points)
Replied 02 July 2023
Rs 15 lakhs which is already indicated in the query
RAJA P M
("Do the Right Thing...!!!")
(127387 Points)
Replied 02 July 2023
CAclubindia
