Tds on annual custodial fee paid to nsdl, csdl and bse


18 April 2013 Whether TDS should be deducted on annual custodial fees paid toNSDL, CSDL and BSE of Rs. 40,000/- each. Please give reference if any and section.

18 April 2013 It was held in the case law Kotak Securities Ltd.v.Addl CIT (2009)25(II)ITCL 385 (Mum 'A'-Tribunal) that transactions fees paid to stock exchanges are not liable to TDS u/s 194J. Considering the above No TDS is payable in respect of above transaction.



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