Tds on processing fee

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Querist : Anonymous

Querist : Anonymous (Querist)

29 August 2012 Is TDS applicable on processing fess paid to Bank for renewal of CC limit. If yes how much

CA. Subhash Dangi (Expert)
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29 August 2012 No TDS is applicable on payment of processing fees to Bank for renewal of CC limit as it is outside the provisions of TDS.

CA AYUSH AGRAWAL (Expert)
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29 August 2012 Even Any Payment Made to Bank Registered Under Banking Regulation Act, 1949 TDS Not Applicable.

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