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TDS not deductible on Payment Gateway Charges paid to Banks
Case Law Details
- Case Name
- Pr. CIT Vs Make My Trip India Pvt. Ltd. (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2009-10
- Courts
- All High Courts, Delhi High Court
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Pr. CIT Vs Make My Trip India Pvt. Ltd. (Delhi High Court)
Central Government, by notification dated 31stDecember, 2012 has notified that no TDS shall be made on the following payments to the banks listed in the Second Schedule to the Reserve Bank of India Act:
(i) bank guarantee commission;
(ii) cash management service charges;
(iii) depository charges on maintenance of DEMAT accounts;
(iv) charges for warehousing services for commodities;
(v) underwriting service charges;
(vi) clearing charges (MiCR charges);
(vii) credit card or debit card commission for transaction between the merchant est...
