Deduction of TDS
This query is : Resolved
CA Dharmendra Vaishya
(Querist)
01 October 2008
Is their any specific provision in Income Tax Act as to who is responsible for deducting the TDS amount while making payments to an NRI customer, for the sale transaction executed by the customer under Portfolio Investment Scheme.
WHether Bank or Broker, who will responsible for deduction of TDS amount and in which given section it is given?
Please provide its solution.
WHether Bank or Broker, who will responsible for deduction of TDS amount and in which given section it is given?
Please provide its solution.
S.Srinivasaraghavan
(Expert)
01 October 2008
The person who remits the payment.
CA Vivek Jain
(Expert)
01 October 2008
The person who remits the payment.
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