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.
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194h of tds on brokerage paid member of stock exchange
Replies (1)
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/
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