Tag Archives: section 194H TDS on bank guarantee commission

No TDS on bank guarantee commission made to bank : ITAT

By | December 2, 2016

Issue Disallowance of bank guarantee charges under the provisions of section 40(a)(ia) of the Act for non-deduction of TDS u/s 194H of the Act Held “There is no principal agent relationship between the bank issuing the bank guarantee and the assessee. When bank issues the bank guarantee, on behalf of the assessee, all it does… Read More »