Applicability of tds on working capital limit sanction
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 January 2013
Dear Sir
Our Bank renewed on credit limits every year and charged processing fee from us
let me know that TDS is applicable on Bank charges or not
Our Bank renewed on credit limits every year and charged processing fee from us
let me know that TDS is applicable on Bank charges or not
05 January 2013
Dear Friend, TDS is applicable on interest paid to the banks and not on processing fees or renewal charges. Thanks
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