TaxTMI 
TaxTMI 
DEDUCTION OF TDS
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....EDUCTION OF TDS<br> Query (Issue) Started By: - S.C. WADHWA Dated:- 2-12-2014 Last Reply Date:- 15-1-2016 Income Tax<br>Got 1 Reply<br>Income Tax<br>34 A Pvt. Ltd. Co. is in course of taking loan fr....
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....om a finance company named B. As per sanction letter B will charge 2% of loan amount as processing fees. When I required the mangement to deduct tds ....
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.... on payment of such processing fees, it claimed that they were making full payment to B without deduction of tds since B will make repayment of same. ....
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.... Whether it is permitted in law to make payment to B without deduction of tds on saying that B will make repayment of same to A. Please clarify on whi....
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....ch ground it is permissible. If B will make repayment of same, then why it is mentioned in sanction letter that it will charge loan processing fee @ 2....
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....7;. If you are of opinion that tds should not be deducted, please clarify in which head payment should be booked in books of A at time of making payment. R....
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....eply By MARIAPPAN GOVINDARAJAN: The Reply: Whether you have got clarified in the above issue? If not please inform.<br> Discussion Forum - Knowledge Sharing ....