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Deduction of TDS

This query is : Resolved 
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(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.
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
01 October 2008 The person who remits the payment.
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CA Vivek Jain

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CA Vivek Jain (Expert)
01 October 2008 The person who remits the payment.
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