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Commission Payments for Mutual Fund Schemes Exempt from Section 194H Brokerage Definition Due to 'Securities' Transaction Exclusion.

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Full Text of the Document

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....TDS u/s 194H - Commission paid to TPL in relation to Mutual Fund Schemes - services which were rendered in relation to a transaction in 'securities' stood excluded from the definition of “brokerage or commission“ u/s 194-H - HC....