What would be the TDS rate on a payment by a Tours & Travel Agency to the guides it hires for helping out the clients in visiting various tourists places. Guides are not an employee of the Company and freelancers. Will TDS be deducted u/s 194C or 194H or 194J.
Please explain me the logic of ur answer i.e., why u/s 194H and not 194C or 194J. If there is any case law or rule, please tell me for reference purposes.
07 May 2008
My answer is supported by this definition of TDS on Commission which says:
Commission or brokerage includes any payment received or receivable, directly or indirectly, by a person acting on behalf of another person for services rendered (not being professional services) or for any services in the course of buying or selling of goods or in relation to any transaction relating to any asset, valuable article or thing, not being securities
CAclubindia
