I am selling a property. How much brokerage can be paid in cash without receipts to benefit from capital gain.
If paid by cheque, when does gst, TDS etc kick in? Broker is a small time guy to be treated as individual.
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Tax implications on brokerage
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Quick Summary
- Rs. 10 K
- 2% TDS if brokerage over Rs.20K
Brokerage is trated as commision subject to tax while paying to any person
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