Dear Sir/Madam,
Kindly confirm me the TDS applicability for Annual Custody Fees paid to NSDL.
If yes please confirm me the Rate of TDS to be deducted.
Menu
TDS Applicability for Annual Custody Fees paid to NSDL
Replies (3)
Quick Summary
TDS is not applicable in this case
As per ITAT Hyderabad verdict Fees paid to NSDL/CDSL are not subject to TDS. hence you no need to deduct TDS while paying fee. and expense will be allowed completely.
It would have been a fee for technical service. but judicial verdicts have given that such passive, non-human services cannot be treated as technical service. hence it will not attract tds under any section.
Recent Topics :
- In ITR 4 u/s 44ADA what amount we shoud show under
- Salary expenses how to treat
- Pos related issue
- Gift of unlisted shares to friend upon marriage
- Utilising Section 54(F) for capital gains reinvest
- GST ewaybill closure and Bill to ship to GST numbe
- TDS ON PARNTER INTEREST
- Share important chapters of ca inter costing
- Free CA Foundation Study Material - PYQs with Sugg
- INCOME TAX
Related Topics :
CAclubindia
