DEDUCTION OF TDS

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 34 A Pvt. Ltd. Co. is in course of taking loan from a finance company named B. As per sanction letter B will charge 2% of loan amount as processing fees. When I required the mangement to deduct tds on payment of such processing fees, it claimed that they were making full p .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ayment to B without deduction of tds since B will make repayment of same. Whether it is permitted in law to make payment to B without deduction of tds on saying that B will make repayment of same to A. Please clarify on which ground it is permissible. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... If B will make repayment of same, then why it is mentioned in sanction letter that it will charge loan processing fee @ 2%. If you are of opinion that tds should not be deducted, please clarify in which head payment should be booked in books of A at time of making payment. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... - Reply By MARIAPPAN GOVINDARAJAN - The Reply = Whether you have got clarified in the above issue? If not please inform. - DEDUCTION OF TDS - Query Started By: - S.C. WADHWA Dated:- 2-12-2014 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ndia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X