CA Ankit Gulgulia (Jain) (B.COM (H) FCA CIFRS CBV R-ID (IICA) R. Valuer (IBBI)) (5842 Points)
18 December 2010Whether TDS is Applicable on Upfront Fees and Loan Processing Fees as Charged by Banks ??
Regards
Ankit
virender kumar
(ASSISTANT MANAGER-ACCOUNTS & FINANCE)
(45 Points)
Replied 18 December 2010
IF PAYEE IS FINANCIAL INSTITUTION OTHER THAN SCHEDULED BANK TDS IS DEDUCTIBLE BUT IN CASE OF SCHEDULED BANKS IT IS NOT APPLICABLE
CAclubindia
