TDS on brokerage to stock brokers., Income Tax

[Jamshed Mehta]

I am a retired senior citizen. I have savings in different assets and therefore am an investor in shares.

The stock broker gives a contract note and shows the brokerage charges.

I pay the full amount to the stock broker.

Recently, I was casually told by a third person that brokerage should be paid after deducting TDS and the TDS has to be paid by me.

I would appreciate an advice on the correct position as all retail investors like me would be seiously affected by onerous procedures.

Thanking you.

Jamshed F. Mehta, Mumbai

9819847557.