Lucky A (Manager) (72 Points)
26 August 2011Respected Sir(s),
Kindly let me know that should I have to pay the TDS on Processing Fees of Bajaj Finserve Ltd. which is a non-banking institution. I have paid the TDS on the interest but now my CA is asking me to pay for the TDS on processing fees but the Bajaj Finserve says that they will not refund the TDS on Processing Fees.
Please guide me what should I do.
Thanking You,
TRILOCHAN
(SENIOR ACCOUNTANT)
(698 Points)
Replied 26 August 2011
Yes you should deduct the TDS on processing fees under Section 194A , and deposit the same and provide the TDS certificate and obtain the refund from bajaj finserv.
I have deducted and get the refund from them.
regards
TRILOCHAN
CAclubindia
