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Income Tax - Highlights / Catch Notes

Home Highlights September 2017 Year 2017 This

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


Payments to Banks for Guarantee Commissions Exempt from Section 194H; Not Considered "Commission" Under Tax Act Terms.

September 12, 2017

Case Laws     Income Tax     AT

TDS on the bank guarantee commission - section 194H is not applicable to the payments made to bank since it is not in the nature of “commission”, as it is understood in common business parlance and in the context of provisions of section 194H

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