TDS u/s 194A - addition on account of Letter of Credit (LC) ...
TDS Not Applicable on LC Discount Charges u/s 194A; Reimbursement to Suppliers Exempt from TDS Liability.
December 27, 2018
Case Laws Income Tax HC
TDS u/s 194A - addition on account of Letter of Credit (LC) discount charges u/s 40(a)(ia) - the assessee has not made payment of interest to the bank or to the supplier and the amount credited to the suppliers’ account is towards reimbursement of expenses incurred by the suppliers - No TDS liability.
View Source