i wasnted to knew under which section tds in deducted on foreign currency conversion charges when rhere is no contract between the two parties.pls do quate section with explanation
1 Replies
Ravi Kumar Mahaur
(CA-FINAL)
(202 Points)
Replied 23 November 2012
According to me tds should be deducted thereon u/s194H ( tds on Commission and brokerage) @ 10%.
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