29 April 2009
My company is a pvt. ltd. company has done agreement with cc avenue pvt. ltd. which accept all credit cards from customers for payments of sale of our online education product and transfer that amount to us after deducted his transaction commission 3.75% on transaction amount. it will be attract any tax or any liability. Similiarly icici payment gateway transactions also.
29 April 2009
Yes, you have to pay to government for TDS u/s 194H @ 10.30% on the amount of commission and subsequently reimburse it by raising debit note from cc Avenue
CAclubindia
