Stock broking firm commission
This query is : Resolved
Guest
Guest
(Querist)
11 January 2012
Dear Friends ,
Please help me i Have a Query related to Stock Broking Firm.
I want to know that Stock Broking firm Gives Commission to The Remisers , Authorised Persons & Sub Brokers.
so Who are the Remisers , Authorised Persons & Sub Brokers and they are paid commssion for what....???
and what are the tds consequences in case Commission is paid to aforesaid Persons.
Regards ,
Vivek
Please help me i Have a Query related to Stock Broking Firm.
I want to know that Stock Broking firm Gives Commission to The Remisers , Authorised Persons & Sub Brokers.
so Who are the Remisers , Authorised Persons & Sub Brokers and they are paid commssion for what....???
and what are the tds consequences in case Commission is paid to aforesaid Persons.
Regards ,
Vivek
CA PARAS BAFNA
(Expert)
15 January 2012
These are the persons who solicits business for the Broker or you can say contribute in his business. On commission payable, a broker has to deduct TDS when the amount being credited exceeds Rs. 5000/-.
.
.
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