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Tax on credit card commission

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(Querist)
13 May 2013 Can u tell me whether tax is deductible on credit card commission prior to 1-1-2013?
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TKKKKKK

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TKKKKKK (Expert)
13 May 2013 If it is more than 5000, 10% tax is deductible.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
15 May 2013 It is a vexed issue.

i) Notification 56/2012 says the effective date as 1/1/2013.

ii) Press release says 'notification issued u/s 197A(1F) is to clear the uncertainties in the TDS provisions'.
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