Does an opinion by a CA Firm regarding non applicability of TDS on factoring charges will hold good if the same has not been exempted by the IT dept.?
1 Replies
Rajeev
(www.rkmco.com)
(985 Points)
Replied 21 September 2009
I think factoring charges will be included in 194J , technical services . TDS to be deducted . It should be remembered that the consequences are to faced by you , not the learned CA , so i guess take a second opinion.
Definition :: A Factor is a financial institution which offers services relating to management and financing of debts arising from credit sales. The service provided by the factors is known as Factoring
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