Tds on bank charges
This query is : Resolved
Nirav Vora
(Querist)
26 March 2012
Dear All,
Whether TDS u/s. 194H-TDS on Commission, will be applied on bank charges recovered by the bank when a retail merchant swipes a credit card for receiving payments from customers ?
Whether TDS u/s. 194H-TDS on Commission, will be applied on bank charges recovered by the bank when a retail merchant swipes a credit card for receiving payments from customers ?
Guest
Guest
(Expert)
26 March 2012
No it is not applicable..
The bank will deduct its commission before crediting the amount to the account of retail merchant
The bank will deduct its commission before crediting the amount to the account of retail merchant
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