We purchased a property recently, and the broker is asking that we pay him in cash. And to divide the sum amongst his family members. I think he's asking us to do this to avoid any tax liability. Is it safer to do it the legal way, with the TDS and paying him in cheque?
Thanks.
Whether you should deduct TDS depends on whether you are a firm, company or and individual to which Tax audit applies.
Its always better to pay brokerage by cheque as adequate proof of payment remains with you.
Agree with Ms. Madhvi
we are a company based in bangalore. is it okay to have the cheques deposited to his family members? thanks.
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