TDS - Urgent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 January 2010
Whether TDS should be made on Arragement charges paid to Bank from which we shought to get the loan
01 January 2010
Yes any amount paid to any arrangers of funds viz the arrangement of loan or the issuers and such agents who are responsible for the arrangement of the funds and other sources of funds are liable to tax deduction at source on such payments to them.
Hence any payment to such arrangers of funds are liable to tax deduction under the provisions of section 195 J as payment to professionals and or technical services and are liable to pay tax on such payments.
Hence any payment to such arrangers of funds are liable to tax deduction under the provisions of section 195 J as payment to professionals and or technical services and are liable to pay tax on such payments.
CA.ViVeK M ACA
(Expert)
01 January 2010
I do agree with the expert
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