Shares trading
This query is : Resolved
Talada Venkat Rao
(Querist)
22 November 2014
Sir,
I need a clarification on Shares purchase or sales through authorised broker in the Contract Note the buyer is paying Delivery Commission.
As per TDS rules, whether the buyer is liable to deduct TDS on Delivery Commission or not.
If notification is available with any one please provide me copy by mail.
Regards
Venkat Rao T
taladavenkat@gmail.com
I need a clarification on Shares purchase or sales through authorised broker in the Contract Note the buyer is paying Delivery Commission.
As per TDS rules, whether the buyer is liable to deduct TDS on Delivery Commission or not.
If notification is available with any one please provide me copy by mail.
Regards
Venkat Rao T
taladavenkat@gmail.com
Amol S Joglekar
(Expert)
22 November 2014
"The commission or brokerage" includes any payment received or receivable, directly or indirectly, by a person acting on behalf of another person for services rendered (not being professional services) or for any services in the course of buying or selling of goods or in relation to any transaction relating to any asset, valuable article or thing, not being securities.
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