TDS on commision charged by bank on issuing Bank Gaurantee

This query is : Resolved 

27 February 2010 Are the payment made to bank for commision charged by bank on issuing Bank Gaurantee liable to TDS. Please, mention specific section & provision.

Thanks

27 February 2010 Any payments being made to Bank is not subjected to TDS. Therefore tds is not applicable.

02 March 2010 no TDS if payment is made to Bank




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