Individuals/HUF liability to deduct TDS

An individual is having a turnover from eligible business under 44AD of Rs 1.5 Crore in the previous year on which he declares his income @ 8% of turnover. In the current year, he does some trading in futures and options and there is an interest charged by the Stock Broker to the tune of Rs 50000 ( small amounts debited in the account on daily basis). Since there is NO Tax Audit: 1. Is the Individual required to deduct TDS.  2. If YES then, since the amount is already deducted by the broker by debiting the individuals account, How should the TDS be deducted and claimed?

Replies (1)
Tds provisions not applicable..

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details