Tds on factoring charges to be deducted under 194h or 194c


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Querist : Anonymous

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Querist : Anonymous (Querist)
16 February 2013 Whether TDS on Factoring Charges to be deducted under 194H or 194C?

16 February 2013 under section 194c

16 February 2013 Factoring charges is in the nature of work and as such the Tax deductions will be deducted under Sec 194 C.


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Querist : Anonymous

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Querist : Anonymous (Querist)
18 February 2013 Dear Sir can you explain me why not tds on factoring charges to be deducted under 194H. Since payee is a financial institution.



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