24 June 2011
First of all the transaction through share brokers there is no provision to deduct tax on brokerage. Now, if the broking firm has charged interest in your account then as has correctly been replied by other expert that till your individual turnover does not exceeds the minimum turnover as required by the provisions of Section 44AB you need not deduct any TDS from any interest paid by you irrespective of the section as quoted by you.
CAclubindia
