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TDS on brokerage to stock brokers., Income Tax

Issue Id: - 115521
Dated: 12-10-2019
By:- Jamshed Mehta
TDS on brokerage to stock brokers.

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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


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