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
sunita rana (no) (100 Points)
23 November 2012i 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
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%.
CAclubindia
