Can I pay brokerage of 1.5 L to an individual by cash?
Is any TDS applicable? Does the TDS law change if it's paid to an individual versus company?
What are the implications of not doing TDS if it's mandatory?
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brokarage paid for sale of apartment
Replies (2)
If the deductor is an individual and he is not required to get tax audit done, then TDS is not required to be deducted. Otherwise TDS @ 5% is to be deducted.
Not doing TDS will invite penalty.
thanks. I am fine then.
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