TDS Cut by Individuals

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8 Points Posted on 03 June 2020
i am an INDIVIDUAL who is NOT liable to get audited us Sec 44AB. I am paying ₹1,00,000/- to a Broker as commission towards Sale of Immovable property. Am i exempt from Deducting TDS on this transaction?
Thanx in advance.
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On 03 June 2020 at 20:21 Report
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Quick Summary
This discussion clarifies whether an individual, not liable for audit under Section 44AB, needs to deduct Tax Deducted at Source (TDS) when paying a broker commission for the sale of immovable property. The consensus is that such individuals are generally exempt from TDS deduction in this scenario.

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12244 Points Posted on 03 June 2020
Yes.. there's no necessity to deduct TDS
1 Reply
On 03 June 2020 at 22:10
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8 Points Posted on 04 June 2020
Thanx.
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On 04 June 2020 at 17:38

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