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TDS On Brokerage paid on purchase and sale of shares

This query is : Resolved 

11 May 2008 Please guide- Whether Tds has to be deducted on the brokerage paid to stock broker on purchase and sale of shares,In case a person is trading in shares and is liable to get his accounts audited under 44AB of Income Tax Act

11 May 2008 No.

Contracts for sale/purchase are outside TDS scope.


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