TDS Rate for merchant banker
This query is : Resolved
Shivay Bhargava
(Querist)
19 March 2009
Dear Experts
Please let me know at what rate we should deduct the TDS on payment collection charges through our merchant banker.
Please let me know at what rate we should deduct the TDS on payment collection charges through our merchant banker.
Rajesh Kumar
(Expert)
20 March 2009
The charges is a form of commission, deductible under 194H @10% plus education cess and surcharge.
However, commission charges on sale of securities are not covered in 194H.
However, commission charges on sale of securities are not covered in 194H.
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