Income from other sources

Under which section the broker deducted the TDS?

Whether the broker issued Form 16A for the same.

U have not mentioned the nature of transaction and about rebate.

Hello,

He deducted Rs.10K under brokerage. And issued Form 16A too for the same.

Actually I given him some amount towards initial deposit out of which he refund me Rs.90K by saying its a rebate to you and deducted tax on this @ 10%.

Its not cleared to me too properly.

Is there any way to save this amount.

Regards

Deepak Arora

First of all it is not an income which was refunded by the broker.

It is not clear that the amount refunded is what u invested.

If refund is pertains to your investment, then file your IT return stating your salary income only. Claim the refund Rs. 10K by filling the TDS details of Form 16A.