TDS on brokerage paid by broker to sub-broker

Originally posted by : priyansh
	Is tds liable on brokerage paid by broker to sub-brker?

As per Sec. 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. Hence tds is to be deductable @ 10%. if the amount paid in a year is more than Rs. 2500/-