Friday, February 15, 2013

NO TDS ON SOME FINANCIAL SERVICES OFFERED BY BANKS

Payment towards bank guarantee commission, cash management service charges, depository charges on maintenance of Demat accounts, charges for warehousing services for commodities and underwriting service charges made to the banks (excluding Foreign Banks) can now be made without TDS. According to an official release, this has come into effect from January 1.

0 comments:

Post a comment