TDS

This query is : Resolved 

14 February 2020 A company is paying processing fees to Exim Bank. Is TDS applicable on the same?

14 February 2020 TDS should be deducted by resident on Payment of processing fee to financial institutions which are not Governed by Banking Regulation Act. In case payment is to a BANK same is Exempt.
so in your case tds not to be deducted.

14 February 2020 Thanks a lot Sir. But is Exim bank also governed by Banking Regulation Act?


14 February 2020 Export–Import Bank of India is a finance institution in India, established in 1982.
also get knowledge from the employee for your query



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries