Brokerage payment
This query is : Resolved
11 October 2022
Having sold my flat I have to pay 1 pct brokerage to my broker.
Do I have to deduct tax on this brokerage before issuing her a cheque or can I pay the whole amount to her?
She has said that all taxes and charges will be paid to the Govt by her firm.
Do I have to deduct tax on this brokerage before issuing her a cheque or can I pay the whole amount to her?
She has said that all taxes and charges will be paid to the Govt by her firm.
11 October 2022
Yes, deduct TDS on brokerage paid.
11 October 2022
what TDS should I deduct from the brokerage and where do I pay it Mr. Seetharaman.
11 October 2022
First time in my life I have sold my flat and moved to my hometown. I am nearly 80 years of age.
11 October 2022
what happens if I have not deducted TDS and sent a cheque to the broker for the full 1 pct brokerage? I can still act as the cheque is in transit. Should reach the broker tom as I am tracking the speed post.
11 October 2022
No need of TDS in your case.
TDS applicable only for tax audit cases.
TDS applicable only for tax audit cases.
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11 October 2022
thank you Sir.I appreciate your prompt response.
11 October 2022
You are welcome..
.
.
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