Dear Members,
Would like to know whether tax needs to be deducted for payments made to Banks/Finance Companies towards Loan processing Charges?
Thanks in advance
Dharmaraju
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TDS on Processing Charges
Replies (4)
No, Tds would not be deducted
Dear Sir,
Can you please elaborate as to why the payment will not fall under the provisions of Section 194C?
NO
| Originally posted by : CA. Gurdeep Singh Chawala | ||
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NO |
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Can you please elaborate as to why the payment will not be subjected to TDS?
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