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TDS on bank charges

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03 July 2009 Circular/ notification which says TDS is not leviable on bank charges
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
03 July 2009 One such circular is 65 dated 02/9/1971 reported in 82 ITR (st) 33 which says no tax is to be deducted on dicount on usance bills.
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
03 July 2009 Also there is a circular no.681 dt 8-3-1994.
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