TaxTMI 
TaxTMI 
TDS on brokerage
28 Oct 2010 
1 Reply 
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TDS deduction obligation: payers must deduct tax when distributing brokerage to sub-brokers despite prior TDS on receipts
Payments received and payments made are separate transactions for withholding purposes; prior TDS on brokerage received does not relieve the payer of the duty to deduct TDS on amounts payable to sub-brokers, and the payer should deduct tax at source if otherwise liable. (AI Summary)
Payments received and payments made are separate transactions for withholding purposes; prior TDS on brokerage received does not relieve the payer of the duty to deduct TDS on amounts payable to sub-brokers, and the payer should deduct tax at source if otherwise liable. (AI Summary)
I got brokerage after TDS. I have to distribute this brokerage to sub Brokers. Is there is TDS applicable?