TDS on Cheque Discount Commission
This query is : Resolved
21 September 2010
Dear Friends,
The concern has paid "Cheque Discount Commission" to private Financial Institution.
If the concern is deducted a TDS on the payment or not?
pls clarify.
The concern has paid "Cheque Discount Commission" to private Financial Institution.
If the concern is deducted a TDS on the payment or not?
pls clarify.
21 September 2010
If not paid to A banking company to which the Banking Regulation Act 1949 applies TDS should be deducted u/s 194H @ 10%. If PAN not provided 20%.
21 September 2010
TDS applicable on commission paid to private financial instituion
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