This Group consist of few members to discuss the tax related matters
TDS ON BANK CHARGES, PROCESSING FEES
Whether TDS is deductible on Bank Charges/Bank Processing Fees paid to the bank.---Vikram Mehta
1 comment:
Anonymous
said...
Hi, The tds on the bank charges levied by the bank is leviable and there is no exemption from tds for these charges like interest. One has to be careful when doing tax audits in the current year as the clients generally dont deduct the tds. They need to be informed about the same. ashok mehta
1 comment:
Hi,
The tds on the bank charges levied by the bank is leviable and there is no exemption from tds for these charges like interest. One has to be careful when doing tax audits in the current year as the clients generally dont deduct the tds. They need to be informed about the same.
ashok mehta
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