Tds on credit card commission
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 April 2012
WE ARE SELLING GOODS & CUSTOMERS PAID THAT AMOUNT BY CREDIT CARD. BANK THEN PAID US THAT AMOUNT AFTER DEDUCTING ITS SOME CHARGES.
CAN THAT CHARGES BE TREATED AS COMMISSION U/S 194H?
IF ANY CASE LAW AVAILABLE THEN PLS INFORM ABOUT THAT ALSO
THANK YOU
CAN THAT CHARGES BE TREATED AS COMMISSION U/S 194H?
IF ANY CASE LAW AVAILABLE THEN PLS INFORM ABOUT THAT ALSO
THANK YOU
08 April 2012
The charges are collection n credit charges and same are not commission in nature and hence not liable for TDS
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