TDS on MTF interest

Is TDS will deduct on MTF (Margin Trading Fund) Interest ??
Replies (2)
Quick Summary
This discussion clarifies whether Tax Deducted at Source (TDS) applies to interest earned on Margin Trading Facility (MTF). It highlights that TDS is generally applicable to all interest income, provided certain conditions are met. Specifically, Section 194A of the Income Tax Act is relevant if the investor's broker is not a banking company.

TDS has to be deducted on all kinda interest, subject to conditions postulated in section 194A

TDS u/s 194A is attracted if investor broker is not banking company. 

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