TDS on brokerage

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....DS on brokerage<br> Query (Issue) Started By: - gulab singh Dated:- 28-10-2010 Last Reply Date:- 2-11-2010 Income Tax<br>Got 1 Reply<br>Income Tax<br>I got brokerage after TDS. I have to distribute ....

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....this brokerage to sub Brokers. Is there is TDS applicable? Reply By Rama Krishana: The Reply: You are getting brokerage and making payment of brokerage to sub brokers are independent transactions to ....

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....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....

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.... from sub-brokers. In other words, you should deduct TDS.<br> Discussion Forum - Knowledge Sharing ....