We have to pay Corporate Guarantee Fees to our Parent company towards they have provided bank guarantee on behalf of us. Please clarify whether TDS applicable for this transaction or not?
02 April 2013
dear when a company say "A" is giving Guarantee to a bank in respect of another company say "B" . it clearly shows that it is a contract of surety b/w "A" and "B". because if company "B" makes default in making payment to the bank, "A" will have to make payment on its behalf..
CAclubindia
