Whether TDS require to be deducted against transaction fee cost charged by the MSME digital invoice discounting platform such as RXIL, Invoicemart etc?
08 September 2023
The discounting charges paid by the assessee are not akin to interest on finance expenses. Therefore, no disallowance on account of non-deduction of TDS u/s. 194A r.w.s. 40(a)(ia) of the Act can be made.
CAclubindia
