Purchase of foreign currency -- tds ?

Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com )   (3468 Points)

26 February 2013  

Friends

Does payment for purchase of foreign currency by a company to Authorised Money Changer / Travel agents attract deduction of tax at source under section 194C. If not 194C, then any other provision.

Regards,