TDS issue
This query is : Resolved
09 February 2011
Whether TDS is required to be deducted u/s. 194H of the I. Tax Act, 1961, on Bank Guarantee Commission paid to bank ?
Whether TDS is required to be deducted u/s. 194H of the I. Tax Act, 1961, on Bank Guarantee Commission paid to bank ?
09 February 2011
There is no liability for TDS on payments made towards loan processing charges/bank guarantee commission/ L.C. charges etc. to banking companies.
Source: https://www.feeleminds.com/forum/tds-on-bank-guarantee-t10867.html-st=0&sk=t&sd=a
Source: https://www.feeleminds.com/forum/tds-on-bank-guarantee-t10867.html-st=0&sk=t&sd=a
Guest
Guest
(Expert)
09 February 2011
Bank guarantee commission is not at all commission and brokerage defined u/s 194H.
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