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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

TDS on account of payment gateway charges u/s 194H - covered ...


No TDS on Payment Gateway Charges: Exempt u/s 194H Notification for Merchant-Bank Transactions. No Disallowance u/s 40(a)(ia).

March 28, 2019

Case Laws     Income Tax     HC

TDS on account of payment gateway charges u/s 194H - covered under notification dated 31.12.2012 for non deduction of TDS as “credit card or debit card commission for transaction between the merchant establishment and the acquirer bank” - no disallowance u/s 40(a)(ia)

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