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[Cites 0, Cited by 0] [Section 402] [Entire Act]

Union of India - Subsection

Section 402(7) in The Income Tax Act, 2025

(7)"commission or brokerage" includes any payment received or receivable, directly or indirectly, by a person acting on behalf of another person,––
(a)for services rendered (not being professional services); or
(b)for any services in the course of buying or selling of goods; or
(c)in relation to any transaction relating to any asset, valuable article or thing, not being securities;