Give me suggestion about deduction of mutual fund brokerage?



I am paid Mutual Fund brokerage to my sub brokers, now i am not conform about deduction of Service tax or TDS. Which is deductable in this both. If onle Service tax or TDS deducted when can I see this Income tax rules give me this rules.

One Reply to “Give me suggestion about deduction of mutual fund brokerage?”

  1. Mutual Fund investment does not involve brokerage, Service tax or TDS.
    You are not supposed to pay brokerage to anyone.
    When you invest in a Mutual Fund, you are charged entry load.
    The broker receives commission from this entry load.
    You can even avoid entry load by making direct investment.





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