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Income Tax - Highlights / Catch Notes

Home Highlights February 2017 Year 2017 This

TDS u/s 194H - the consideration received by the bank on account ...


Bank Guarantee Commission Not Classified as Commission u/s 194H, No TDS Deduction Required.

February 19, 2017

Case Laws     Income Tax     AT

TDS u/s 194H - the consideration received by the bank on account of guarantee commission cannot be reckoned as commission as contemplated u/s 194H and accordingly, there was no requirement to deduct TDS on this payment. - AT

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