TDS on bank charges
This query is : Resolved
03 July 2009
Circular/ notification which says TDS is not leviable on bank charges
03 July 2009
One such circular is 65 dated 02/9/1971 reported in 82 ITR (st) 33 which says no tax is to be deducted on dicount on usance bills.
03 July 2009
Also there is a circular no.681 dt 8-3-1994.
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