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TMI BlogApplicability of TDS for legal review by BanksX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Members, I request opinion of the members on the following issue: There are several applicants who have applied for loan. The Bank has appointed a legal firm / Advocate to advise on the v ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... alidity of documents pre- post sanction. The Advocate raises the invoice on the Bank- A/c Applicant. The fees payable to advocate is debited tot the account of the Applicant thereinafter the f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ees have been to the advocate /firm. The Bank states it is reimbursement / paid on behalf of the applicant accordingly the TDS is not applicable, neither it routed through the profit / loss accoun ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t. Kindly advise on the above at my email id [email protected] Thanks Regards// Parag Shah +91 9869788636 - Reply By CA GOPALJI AGRAWAL - The Reply = since bank is liable to pay to th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e lawyer hence it would liable to deduct tax at source. It has no relevance that the payment is not debited in P/L. - Applicability of TDS for legal review by Banks - Query Started By: - Parag Sha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h Dated:- 7-4-2013 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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