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Income Tax - Highlights / Catch Notes

Home Highlights February 2012 Year 2012 This

TDS on bank guarantee commission - section 194H - It is not a ...


Bank Guarantee Commission Not a "Commission" u/s 194H; No TDS or Interest u/s 201(1A.

February 8, 2012

Case Laws     Income Tax     AT

TDS on bank guarantee commission - section 194H - It is not a "commission" as understood in common parlance. Hence not liable to tax deduction and the question of interest under 201(1A) does not arise. .... - AT

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