29 June 2013
If a private bank(kotak mahindra)engaged in a contract for discounting the bill of debtors ,for this he sigh a contract for one financial year at a certain amount. On signing a contract he charged a processing fees which belongs from such signing a deal Again in next year the new contract will be conducted and again they will charged processing fees Pls tell that whether to Ded TDS on such processing fees paid to bank on sanctioning the contract.
CAclubindia
