does loan collection agent service be considered under RCM ?
and what will be the rate of tax on such service ?
Menu
LOAN COLLECTION AGENT SERVICE
Replies (1)
Yes in term of Notification 15/2018 CT (R) , the Individual DSA not a Body Corporate providing Services to Bank or Non bank institution is under RCM .
The Recipient (Bank) is liable to discharge the tax liability Under RCM.
Rate is 18%
The Recipient (Bank) is liable to discharge the tax liability Under RCM.
Rate is 18%
Recent Topic
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
Related Topics
CAclubindia
