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High Court Clarifies No TDS Liability on Demat Charges by NSDL and CDSL as Cost Recovery, Not Services.

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Full Text of the Document

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....TDS - payments of demat charges and other charges levied by NSDL and CDSL - such charges were in the nature of recovery of cost or expenses at large and not for providing any professional or technical service - No TDS liability - HC....

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