Court Rules Section 194H TDS Inapplicable to Payments via National Financial Switch and Cash Tree Consortium.

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....TDS u/s 194H - payment made towards the service charges rendered by M/s. NFS - Even assuming that the transaction was being routed to National Financial Switch and Cash Tree, then also it is pertinent to mention here that the same is a consortium of banks and no commission or brokerage is paid to it. - It does not act as an agent for collecting charges. - provisions of Section 194H of the Act are not attracted to the fact situation of the case. - HC....