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amount transaction attract any tax or liability

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(Querist)
29 April 2009 My company is a pvt. ltd. company has done agreement with cc avenue pvt. ltd. which accept all credit cards from customers for payments of sale of our online education product and transfer that amount to us after deducted his transaction commission 3.75% on transaction amount. it will be attract any tax or any liability. Similiarly icici payment gateway transactions also.

Regards,
lalit
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CA Devin

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CA Devin (Expert)
29 April 2009 Yes, you have to pay to government for TDS u/s 194H @ 10.30% on the amount of commission and subsequently reimburse it by raising debit note from cc Avenue
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
30 April 2009 correct
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