My Investment Consultant has given me an offer that he'll provide me good short term investment tips and whatever net profit (after deduction of Brokerage, Taxes, Short Term Capital Gain Tax) is earned at the end of the month from that investment, he'll charge 25% of the net profit earned as his fees / commission.
On this fees do i need to deduct any TDS (I don't have any TAN No.) and can i claim this fees / commission as expenses in my IT returns.
Currently I'm working as Freelance and provide my services in field of Payroll process to few clients.
Raju Patel
CAclubindia
