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?
3 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177741 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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