TDS On Banking Transaction
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 February 2011
We have a current account with a private sector bank.Recently we have increased our cash limit,bank has debited our account for this by arround Rs.700000 and legal charges of Rs. 30000/- along with applicable service tax amount. will this transaction attract TDS provision.
18 February 2011
Plz check with bank. No tax requirement herein.
Unable to understand the debit of Rs 70000
NO TDS applicable if the payment is made to banks
Unable to understand the debit of Rs 70000
NO TDS applicable if the payment is made to banks
Guest
Guest
(Expert)
18 February 2011
What is the nature of Rs. 7,00,000/-
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