TDS - urgent
This query is : Resolved
13 April 2009
Company X providing card swiping machine facility to various merchents and getting service charges for the same, all transactions are routed through card issuing bank and a settlement bank. Company X getting service charges from various merchants in turn Company X paying commissions to card issuing bank and settlement bank for their service. I need to know whether TDS need to be deducted while making such payments such to banks.
13 April 2009
No tds applicable on bank service
15 April 2009
No TDS
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