Want to Kown if Section 194H is applicable on Brokerage paid to Sub-broker, being a member of Stock Exchange.
Pls provide case law in this favour.
I am aware its not applicable, but need a case law to support the statement.
RAVI (CA Practice ) (25 Points)
02 April 2016Want to Kown if Section 194H is applicable on Brokerage paid to Sub-broker, being a member of Stock Exchange.
Pls provide case law in this favour.
I am aware its not applicable, but need a case law to support the statement.
the section clearly mentioned otherthan securities so it is not applicable to security related transactions.there is a case law related to mutual funds at ITAT Delhi i.e., kjh financial services (P) ltd vs department of income tax, you can view the case in https://indiankanoon.org/doc/84171815/