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Income Tax - Highlights / Catch Notes

Home Highlights November 2015 Year 2015 This

TDS under section 194H - section 40(a)(ia) of the Act was held ...


Section 194H TDS not applicable to bank commissions on credit card payments; Section 40(a)(ia) disallowance also non-applicable.

November 14, 2015

Case Laws     Income Tax     AT

TDS under section 194H - section 40(a)(ia) of the Act was held to be not applicable on payment of “commission” to the banks on payment received from customers through credit cards. - AT

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