An individual who is doing brokerage business paid about Rs 5 lakhs by online transfer to another brokerage as commssion. Total rreceipt of brokerage for the year is less than Rs 15 lakhs hence he is not liable for tax Audit.
Is he liable to deduct TDS as per IT act for the assessment year 2023-24?
No. Not liable for TDS deduction.
Rs 15 lakhs which is already indicated in the query
BANSAL YOGESH AND CO
Gautam Budh Nagar
B.Com
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CAclubindia
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