Whether TDS is required to be deducted u/s. 194H of the I. Tax Act, 1961, on Bank Guarantee Commission paid to bank ? Kindly provide the relevant case laws / section to substantiate the same. Thanks
Whether TDS is required to be deducted u/s. 194H of the I. Tax Act, 1961, on Bank Guarantee Commission paid to bank ? Kindly provide the relevant case laws / section to substantiate the same. Thanks
Yes according to income tax rule tds will be deduct from commission income.
YES TDS applied................
TDS to be detucted by the Bank.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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