tds u/s 194h on brokerage

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Is tds u/s 194h deducatable on brokerage paid on sale of property
Replies (3)

YES. DEDUCTABLE U/S 194H  

Commission or brokerage includes any payment received or receivable, directly or indirectly, by a person acting on behalf of another person:
(a) for services rendered (not being professional services), or
(b) for any services in the course of buying or selling of goods, or
(c) in relation to any transaction relating to any asset, valuable article or thing, not being securities.
Hence, above transaction will fall be liable for tds u/s 194H
I fully agree with sh Harsal ji


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