Whether TDS at higher rate is applicable to a person income from NCD which is particularly exempt from TDS deduction.
For example if a person deposit NCD in DEMAT format in a company , but he has not filled his return for the past 2 years and his TDS /TCS for the 2 PY's exceeds Rs. 50,000. Does the Company have to deduct TDS at higher rate .( As Income Tax have exempted TDS deduction from Deposits in DEMAT format)
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