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Tds on brokerage

This query is : Resolved 

Dear Sir,

I have purchased a commercial house property in my individual name and putting the property on rent. I have appointed a broker to whom I have to pay brokerage of Rs 90,000/-. Do I need to deduct TDS on this amount as I don't have a TAN number in my personal name.

Regards,
Divyesh Jain


TDS applicable if you are liable for tax audit. You need to obtain TAN.

No.. I am not liable for tax audit. But brokerage amount to be paid will be 95000.

No need of TDS on this payment as tax audit not applicable to you.

No need to deduct tax

Thanks a lot for the reply

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