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Applicability of tds

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 December 2013 Commission paid by bank to recovery agent(having its recovery agency) for recovery of loan ,then under which head tds should be deducted? ie. 194C or 19H.? Its urgent.
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CA Hardik Bunha

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CA Hardik Bunha (Expert)
28 December 2013 it is deductible u/s 194c.
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Querist : Anonymous

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Querist : Anonymous (Querist)
28 December 2013 Bank is deducting TDS under 194H.Is it correct?
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CA Hardik Bunha

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CA Hardik Bunha (Expert)
28 December 2013 It is wrong.

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