[aaykarbhavan] No disallowance of depository charges paid by broker without deducting tax as Stock Exchange paid taxes thereon

No disallowance of depository charges paid by broker without deducting tax as Stock Exchange paid taxes thereon

February 20, 2015[2015] 54 taxmann.com 214 (Mumbai - Trib.)

IT : Where assessee made payment of depository charges on account of services provided with regard to transactions in securities through stock exchange without deducting tax at source, since taxes on said amount were already paid by recipient, impugned disallowance made by authorities below was not sustainable

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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