brokerage returned by broker after deducting TDS

I have paid brokerage to a broker for purchase of house now he returned me Rs.90000 after deducting TDS at the rate of 10% ie. Rs.10000, is he allowed to do so and will it be treated as my income...i m karta of HUF.

which ITR should i file.

Replies (2)

Hi.


First of all wat ever the amount paid by you in the form of brokerage, when the same is retruned toyou  any extent , it is not in the nature of any brokerage. Hence there is no scope for TDS in this regard.

As the same is paid by you earlier , when you recieve back it is not at all treated as income. Only thing is that wat ever the amount you recieved  back is to be reduced from the value of house property. Bcoz u could have capitalized the total brokerage paid while purchasing such property.


filing the return depends on the type of  income you receive.

Dear Shefali,

I concur with friend above.

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
21 August 2026
Accountant

A G International

Kolkata

B.Com

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
12 August 2026
Deputy Manager - Finance

RoamPrime Technologies Private Limited

Bengaluru

CA

View Details
Company
17 August 2026
Chartered Accountant with US GAAP Experience

Austin Med Solutions Pvt Ltd

Bengaluru

CA

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
19 August 2026
Chartered Accountant - Financial Consolidation & Reporting

Synergy Keystone

Mumbai

CA

View Details
Company
06 August 2026
Sr accounts executive, Asst Manager

JAMNA AUTO INDUSTRIES LTD

Jamshedpur

CA Inter

View Details
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details