Tds on bank guarantee commission
This query is : Resolved
Ketan Gondaliya
(Querist)
15 March 2012
Whether TDS applicable on Bank Guarantee Commission?
If yes than under which section & at which rate?
Kindly clarify the above matter
If yes than under which section & at which rate?
Kindly clarify the above matter
Dintakurthi Tirumala
(Expert)
15 March 2012
TDS deduction on payments made to the Banks is exempted. So no need to deduct any type of TDS on payment of Commission,Interest, etc... to Banks.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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