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TDS applicability on Transaction fee charged for bill discounting through TReDS

This query is : Resolved 
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(Querist)
08 September 2023 Hi,

Whether TDS require to be deducted against transaction fee cost charged by the MSME digital invoice discounting platform such as RXIL, Invoicemart etc?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
08 September 2023 The discounting charges paid by the assessee are not akin to interest on finance expenses. Therefore, no disallowance on account of non-deduction of TDS u/s. 194A r.w.s. 40(a)(ia) of the Act can be made.
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Manish

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Manish (Expert)
08 September 2023 TDS is not applicable.
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