Transaction charges paid by broker to stock exchange — Whether constitute fees for technical services
Transaction charges paid by the assessee (stock broker) to the stock exchange constitute `fees for technical services' covered under section 194J and, therefore, the assessee was liable to deduct tax at source while crediting the transaction charges to the account of the stock exchange. — Vide Commissioner of Income Tax v. Kotak Securities Ltd. (2011) 42 (I) ITCL 168 (Bom-HC)
Transaction charges paid by the assessee (stock broker) to the stock exchange constitute `fees for technical services' covered under section 194J and, therefore, the assessee was liable to deduct tax at source while crediting the transaction charges to the account of the stock exchange. — Vide Commissioner of Income Tax v. Kotak Securities Ltd. (2011) 42 (I) ITCL 168 (Bom-HC)
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