I am sub-broker with a reputed share broking firm. I am getting commission from broker after deducting TDS. I am of the view that TDS is not applicable on stock broking commission (u/s 194H) and I made aware about the sec 194H. They refused to accept my argument citing "they don't want to take any future liability by not deducting TDS”.
I need case references, other documentary evidence & opinions by CAs and also the name of other brokers who are not deducting TDS to strengthen argument.
thks & regards,
hiren shah
CAclubindia
