Sub-brokerage for mutual fund transactions not subject to TDS under Income Tax Act Section 194H.

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....TDS u/s 194H - sub- brokerge paid in connection with the services rendered in the course of business of buying and selling of units of mutual fund or in relation to transactions pertaining to mutual fund is not covered by provisions of tax at source in view of the explanation (i) to section 194H of the Act. - AT....