Applicability of TDS in case of Bank commission

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Sagar K. (Navi Mumbai) (Querist)
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22 December 2009 Whether TDS is applicable on commission charged by bank in realation to discounting of letter of credit?

Pls, suggest me.

Heera Nahariya (Expert)
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23 December 2009 banks & some other financial institutions are excluded from TDS.
hence no TDS is to be made on commission paid to banks.

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