brokerage on trading of shares

This query is : Resolved 

03 August 2009 what will be the treatment of brokerage charges paid on the purchase and sale of securities.

04 August 2009 The provisions in respect of the brokerage charges paid on the purchase and sale of securities, TDS is not required to be deducted refer Explanation (i) of Section 194H

05 August 2009 Brokerage should be added to purchase and deduted from sale of shares. No TDS required to be deducted as per section 194H


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