Dear Members,
I request opinion of the members on the following issue:
There are several applicants who have applied for loan.
- The Bank has appointed a legal firm / Advocate to advise on the validity of documents pre- & post sanction.
- The Advocate raises the invoice on the Bank- A/c Applicant.
- The fees payable to advocate is debited tot the account of the Applicant & thereinafter the fees have been to the advocate /firm.
- The Bank states it is reimbursement / paid on behalf of the applicant & accordingly the TDS is not applicable, neither it routed through the profit / loss account.
- Kindly advise on the above at my email id [email protected]
Thanks & Regards//
Parag Shah
+91 9869788636