https://www.taxtmi.com/forum/issue?id=118789 Portfolio management fees may not qualify as commission or brokerage because the commission definition excludes securities-related transactions; tribunals have similarly questioned applicability of routine professional-fee provisions to such fees. Determination is fact-sensitive: tribunal decisions can support non-deduction but a conservative approach treats these receipts as technical/professional fees and recommends TDS deduction unless facts indicate otherwise. en-us Wed, 04 Oct 2023 18:51:22 +0530 Thu, 23 Jan 2025 14:20:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118789 Portfolio management fees may not qualify as commission or brokerage because the commission definition excludes securities-related transactions; tribunals have similarly questioned applicability of routine professional-fee provisions to such fees. Determination is fact-sensitive: tribunal decisions can support non-deduction but a conservative approach treats these receipts as technical/professional fees and recommends TDS deduction unless facts indicate otherwise. Discussion-Forum Income Tax Wed, 04 Oct 2023 18:51:22 +0530 https://www.taxtmi.com/forum/issue?id=118789