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TDS on Processing/management fees paid to finan. Inst

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(Querist)
10 April 2009 Pls advice whether TDS is deducted on payment of processing charges paid by company to financial institution.(LIC housing finance)
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chetan soni

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chetan soni (Expert)
10 April 2009 There is no TDS for payment of processing fees to LIC. As they are covered under exceptions.

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