Comment on Taxation for Traders - Introduction

Ramesh commented on 15 May 2015, 07:27 PM

I had sold options and received say 30,000 during the month of Mar’15 and squared off the same during Apr’15. In that case, the bank has deducted 30% TDS on 30,000 mentioning that this is as per the Income tax act. I have to file return at the end of the financial year showing the loss and get the refund. Can i know whether really income tax act mentiones so. Please clarify and i need to speak to the bank and get the refund immediately for wrong deduction of the tds.

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