Fees for 'settlement and custody' to NSDL/CDSL not subject to Section 194J TDS as they aren't 'technical services.'.

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....TDS u/s 194J - ‘settlement and custody’ fees paid to NSDL/CDSL are not covered by the provisions of Section 194J, as they cannot be considered as ‘technical services’. Consequently, there can not be any disallowance on the reason that TDS was not made, u/s 40(a)(ia) - AT....