TDS

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This query is : Resolved

Hardeep Singh (Querist)

16 February 2011 sir, how much TDS rate is applied on listed securities and on unlisted securities while computing income under the head 'income from other sources' for the assessment year 2010-11
plz reply soon!

Sunil Kr. Sanganeria

Sunil Kr. Sanganeria (Expert)

17 February 2011 Tds is not applicable on both listed and unlisted securities.]

I think you wanted to ask something ealse. please write clearly

Hardeep Singh

Hardeep Singh (Querist)

17 February 2011 sir i want ask that interest received on securities is taxable under the head 'income from other sources' now interest payer is to deduct TDS on such amount of interest and securities may be listed or unlisted in any recognised stock exchange so my query is that at what rate the payer will deduct TDS on such listed and unlisted securities.

CA. Lohith Jagadeesh

CA. Lohith Jagadeesh (Expert)

18 February 2011 Hi,
Will get back to you with complete info & workings,

Regards
CA. LOHITH.J
B.Com,ACA,CS,(ICWA),SAPM Hons,ITF Hons

Hardeep Singh

Hardeep Singh (Querist)

18 February 2011 sir please hurry up
it's urgent

CA. Lohith Jagadeesh

CA. Lohith Jagadeesh (Expert)

20 February 2011 Hi,

TDS shall be @ 10%.

Please read Amended Section 193- Interest on Securities

Thank You,

Regards
CA. LOHITH.J
B.Com,ACA,CS,(ICWA),SAPM Hons,ITF Hons

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