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TDS ON PAYMENT OF FRONT END FEE OF TERM LOAN FROM BANK

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(Querist)
11 December 2007 While availing loan from bank, we need to make some Front-end fee which is income in the hands of bank.

What is rate of TDS to be applied on such payments and under which section such deduction is covered (which sub Sec of 194 does it relate to)
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Ankit Dangayach

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Ankit Dangayach (Expert)
15 December 2007
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GIRISH K

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GIRISH K (Querist)
17 December 2007 Mr. Ankit,

Suggestion not available, can you resend the reply to the enquiry

Thanks,
Girish K




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