194h of tds on brokerage paid member of stock exchange

[raj acharya]

Want to Kown if Section 194H is applicable on Brokerage paid to Sub-broker, being a member of Stock Exchange.

Pls provide case law in this favour.

I am aware its not applicable, but need a case law to support the statement.

[Ganeshan Kalyani]

Sir, Refer - Kjh Financial Services (P) Ltd Vs ITAT.-  2013 (5) TMI 276 - ITAT DELHI

 

AI Summary

TDS on brokerage: whether deduction applies to payments made to sub-brokers, with tribunal authority cited. Applicability of 194H to brokerage fees paid to sub-brokers who are members of a stock exchange: the document records a query seeking confirmation that 194H does not apply and requests case law; the reply cites Kjh Financial Services (P) Ltd v. ITAT (2013) as supporting authority for non-applicability.