18 March 2020
Please clarify the TDS on the following transaction:-
Service Provider (Indian) will provide API Platform to service recipient (Indian) and once the API Integration is done, service recipient customer will be able to repay the loan on multiple channel partner on boarded by service provider. It is a two sided collection platform. This will allow service recipient to get featured as a biller on multiple apps available via service provider, enabling service recipient end user to make loan EMI billers in a flexible manner.
Service recipient shall pay to the Service Partner the service fees. What would be the TDS for this transaction?.
Request you to please explain with Section reference.
CAclubindia
