TDS on commision charged by bank on issuing Bank Gaurantee
This query is : Resolved
CA Jaspreet Singh
(Querist)
27 February 2010
Are the payment made to bank for commision charged by bank on issuing Bank Gaurantee liable to TDS. Please, mention specific section & provision.
Thanks
Thanks
CA. B.SRINIVASULU
(Expert)
27 February 2010
Any payments being made to Bank is not subjected to TDS. Therefore tds is not applicable.
CMA Arif Farooqui
(Expert)
02 March 2010
no TDS if payment is made to Bank
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