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TDS on brokerage, Income Tax |
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TDS on brokerage |
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I got brokerage after TDS. I have to distribute this brokerage to sub Brokers. Is there is TDS applicable?
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You are getting brokerage and making payment of brokerage to sub brokers are independent transactions to be seen independently. Therefore, if you are otherwise liable to TDS, there is no relaxation in the provisions that where you have received brokerage after tds there is no requirement of deducting tds from sub-brokers. In other words, you should deduct TDS.
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