17 June 2010
One party enter in to numerous transaction with Agent, who provide Clearing and Forwarding Service which section of TDS Provision will be apply 1) Either 194H or 2)194C
17 June 2010
Refer Circular No. 715 dated, 08/08/95
In answer to question No. 6, it has been stated that : -
"As regards payments made to clearing and forwarding agent for carriage of goods, the same shall be subjected to tax deduction at source under section 194C of the Act"
In my view, 194C applicable.
Nature of transaction, rather than number of transactions, is relevant for deciding the applicability of TDS provisions.
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