Tds on loan processing charges
This query is : Resolved
11 April 2019
WE HAVE PAID HUGE AMOUNT TOWARDS LOAN PROCESSING CHARGES
TO BANK. SAID BANK GOVERNING NETHERLAND COUNTRY BY-LAWS.
THIS BANK SITUATED IN MAHARASHTRA.
THE BANK CHARGED GST ON PROCESSING CHARGES.
THE SAID PROCESSING CHARGES PAID FOR AVAILING HUGE AMOUNT OF
TERM LOAN.
MY QUESTION - IS WE ARE LIABLE TO PAY TDS ON PROCESSING CHARGES
TO BANK. SAID BANK GOVERNING NETHERLAND COUNTRY BY-LAWS.
THIS BANK SITUATED IN MAHARASHTRA.
THE BANK CHARGED GST ON PROCESSING CHARGES.
THE SAID PROCESSING CHARGES PAID FOR AVAILING HUGE AMOUNT OF
TERM LOAN.
MY QUESTION - IS WE ARE LIABLE TO PAY TDS ON PROCESSING CHARGES
12 April 2019
Processing fees is nothing but bank charges, TDS not applicable on Balance charges
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