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TDS on commission

This query is : Resolved 

10 December 2010 A public ltd co. with a turnover of 300cr pays commission charges to a bank for opening letter of credit L/C which amounts to around rs 3,00,000 during the year.



Is Tds required to be deducted on such commission, if yes at what rate.

Also can it be clubbed under General Expense.

11 December 2010 As per my opinion TDS should be deducted. However opinion of other experts should be taken.

16 December 2010 TDS is not applicable on bank charges.




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