Tds on commission paid to credit card issueeng bank
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 October 2012
Dear Sir,
One the Credit card swipe in a store or shop the credit card issuing bank released the amount to respective vendor after deducting his commission. In vendor books of account these transaction was reflected as a commission paid to bank.
Is the TDS applicable on such cases or not. Any clearification.
One the Credit card swipe in a store or shop the credit card issuing bank released the amount to respective vendor after deducting his commission. In vendor books of account these transaction was reflected as a commission paid to bank.
Is the TDS applicable on such cases or not. Any clearification.
14 October 2012
ITAT IN VAH MEGNA CASE HAS HELD THAT TAX NOT DEDUCTIBLE IN SUCH CASES.
CA MANOJ GUPTA
JODHPUR
09828510543
CA MANOJ GUPTA
JODHPUR
09828510543
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