Thursday, September 27, 2018

Charges retained by credit card companies couldn’t be treated as commission for purpose of Sec. 194H TDS

IT : Payments to banks on account of utilization of credit card facilities would be in nature of bank charge and not in nature of commission within meaning of section 194H

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000184185/charges-retained-by-credit-card-companies-couldn’t-be-treated-as-commission-for-purpose-of-sec-194h-tds.aspx

No comments:

Post a Comment

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...