tds on commission in securities, to a sub broker

heloo aaditya im sub broker and i want some proof that sub broker not include sec 194h if u have than send me plz its urgent

Dear all,

i agree with Aditya tds is not deductible as the payment made is in relation to securities. But we need any case law to prove our case strong.

Second view is that Original Brokerage received by the main broker is in relation to the securities, but the brokerage shared with sub broker is due to contractual agreement with the main broker and sub broker to share the income, so the brokerage shared with sub brokerage will not be in relation to securities, but it will be in relation to contract.

hence we need clarity on this matter.