Members are required to note the following on TDS deductions:-
1. TDS certificates should be digitally signed and uploaded by Members on the web page link provided by the Exchange on the WEB NCFE Portal. In case of physically signed TDS certificates, the Members are required to upload and submit the scan copy of the TDS certificate on the web page link provided by the Exchange on the WEB NCFE Portal and also dispatch the original TDS certificates duly signed and stamped by the authorized signatory to the registered address of the Exchange.
2. TDS amount shall not be deducted by the Members on the following amounts paid to the Exchange:-
· On Tax component as per CBDT Circular No. 1/2014 dated 13th Jan 2014.
· On SEBI Turnover Fees and SEBI Annual fees as per Sec 25 of SEBI Act, 1992.