Applicability of TDS in case of Bank commission
This query is : Resolved
Sagar K. (Navi Mumbai)
(Querist)
22 December 2009
Whether TDS is applicable on commission charged by bank in realation to discounting of letter of credit?
Pls, suggest me.
Pls, suggest me.
Heera Nahariya
(Expert)
23 December 2009
banks & some other financial institutions are excluded from TDS.
hence no TDS is to be made on commission paid to banks.
hence no TDS is to be made on commission paid to banks.
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