we are paying amount towards revocation of bank guarantee lying with custom Dept. to third person .The amount is Rs.50000/-
Can tds required to be deducted u/s 194J or 194C.
What is the commission charged by third party?
Rajkumar Gutti (543 Points)
03 November 2022
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(171444 Points)
Replied 03 November 2022
What is the commission charged by third party?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(171444 Points)
Replied 05 November 2022
Generally it is to be given to bank, where there is no TDS liability.
But if you are paying to any person other than bank, TDS u/s. 194C will be applicable.
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