T.d.s on brokerage
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 May 2015
My client received brokerage 5000 to 20000 from various partyes who has no liabilities for Audit, please inform me about TDS liabilities in detail.
Thanks
Girish Shah
Thanks
Girish Shah
Nikhil Kaushik
(Expert)
10 May 2015
those parties wont deduct TDS in such a case. So your client will have to pay tax on his own as self assessment tax/advance tax
11 May 2015
In case your client is Individual/ HUF then they will not deduct TDS but in case of any other entity like Firm, Company etc TDS will be deducted from you u/s 194H @ 10% if the threshold limit of Rs 5000/- is crossed.
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