Tds _ brokerage
This query is : Resolved
25 July 2014
I paid total brokerage of Rs. 503736/-
& i have not deduct TDS on it as i am not liable under 44AB.
so can I claim Brokerage as Expenses under
Income tax ?
& i have not deduct TDS on it as i am not liable under 44AB.
so can I claim Brokerage as Expenses under
Income tax ?
25 July 2014
if u have not deducted tds on this transaction then no exp is allowed while computing income from business or profession.
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25 July 2014
if u have not deducted tds on this transaction then no exp is allowed while computing income from business or profession.
Nischit Sanghavi
(Expert)
25 July 2014
You can claim expense under Income Tax as you are not liable to deduct TDS.
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Nikhil Kaushik
(Expert)
25 July 2014
as nischit as clarified, no disallowance is attracted in your case as you are not covered under 44AB audit.
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