28 April 2011
iN THE FOLLOWING CASES IT WAS HELD THAT TRANSACTION FEE PAID TO ST EXCHANGES IS NOT LIABLE TO TDS U/S 194j Kotak Securities Ltd. v. Addl. CIT (2009) 25 (II) ITCL 385 (Mum ‘A’-Trib) Dy. CIT v. Angel Broking Ltd. (2010) 33 (II) ITCL 77 (Mum ‘A’-Trib) Dy. CIT v. Sonal Shares & Stock Brokers (P) Ltd. (2010) 35 (II) ITCL 137 (Mum ‘E’-Trib) gOING BY THE SAME ANALOGY IT CAN BE SIAD THAT NO TDS IS PAYABLE IN RESPECT OF TRANSACTIONS REFFERRED BY U