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.
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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