Liquidbees/pledge questions

[ShubhS9]

@RLM

but , intraday MIS would be possible . correct ?

No, funds are needed to place MIS orders as well.

@RLM

is the TDS rule applicable in liquidbees ? should i submit form 15G to avoid the TDS ?

Explained by @Quicko here:

How does taxation work on liquid bees since all gains are in terms of dividends and price remains the same?

Dividend on Liquidbees - As per Section 194K, TDS should be deducted on the dividend at the time of credit to the payee’s account or at the time of payment by any mode. Thus, TDS must be deducted even if the dividend is paid in the form of units and not cash. TDS at 10% (7.5% for FY 20-21) should be deducted if the dividend exceeds INR 5,000. Unit holder can provide Form 15G or Form 15H for deduction of TDS at lower rate. For any further queries, write to us on [email protected]