Dear All,
Can anybody please clarifiy whether TDS need to be deducted on the Annual Custodial Fees paid to Bombay Stock Exchange, NSDL, etc. If yes, under which section.
Thanks in advance.
K. Rama Krishna
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TDS ON CUSTODIAL FEES PAID TO BSE, ETC
Replies (1)
In my view custodial fees would fall under the purview of sec. 194C, since Custodial charges are Fees charged to a client for safekeeping of securities on behalf of the client.
The contract is for safekeeping of securities.
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