TDS on brokerage

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In section 194H, there is an exception in the deduction of TDS for securities. I want to know whether TDS is applicable for brokerage with respect to shares and securities.

If so, under which section?
Replies (4)
I think it will also come under 194H @ 5% provided amount paid is exceeding Rs 15000
Payment of brokreage in respect of shares and securities transactions not liable for TDS in Income Tax Act.
Any sectional reference Rajat sir?
According to section 194H , commission or brokerage" includes any payment received or receivable, directly or indirectly, by a person acting on behalf of another person for services rendered [not being professional services] or for any services in the course of buying or selling of goods or in relation to any transaction relating to any asset, valuable article or thing, not being securities;


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