No TDS u/s 194H on bank charges for credit card payments

Airport Retail P. Ltd. Vs DCIT (ITAT Mumbai)

Conclusion: Payments towards bank charges for credit card payments were not liable for TDS under section 194H as the same was not a commission.

Held:  Assessee had made payments towards bank charges for credit card payments . AO made the additions as assessee made payment  without deduction of income-tax at source(TDS) u/s 194H by invoking provisions ofPlease become a Premium member. If you are already a Premium member, login here to access the full content.