TaxTMI 
TaxTMI 
TaxTMI 
TDS Applicability
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....DS Applicability<br> Query (Issue) Started By: - Ethirajan Parthasarathy Dated:- 27-10-2022 Last Reply Date:- 29-10-2022 Income Tax<br>Got 2 Replies<br>Income Tax<br>One of my client is trading in equ....
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....ity with Margin trading facility extended by ICICI SECURITIES LIMITED Is he liable for TDS on interest charged by ICICI SECURITIES LIMITED which is not a Banking company Reply By shwetal oswal: The R....
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....eply: Yes, he is liable to deduct. Reply By priyacharan sr: The Reply: TDS on payment of interest , other than interest on securities is governed by section 194 A of the Income Tax Act. Assuming ur....
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.... client is an individual or a Hindu undivided family, *whose total sales, gross receipts or turnover from the business or profession carried on by him exceed [one crore rupees in case of business or ....
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....fifty lakh rupees in case of profession] during the financial year immediately preceding the financial year in which such interest is credited or paid, he/she shall be liable to deduct TDS under this ....
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....section. In this regard please note the following: 1) If the above* condition is satisfied, then he shall be liable to deduct TDS under section 194A, provided the interest amount exceed Rs. 5,000 in....
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.... a financial year. 2) However if the status of your client is other than individual/HUF , then TDS has to be deducted irrespective of the turnover in the Previous FY, . * My View.<br> Discussion For....
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....um - Knowledge Sharing ....