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.