22 March 2014
Dear all, I am a CFA agent and when i rec. my income they deduct tds u/s 194h and another one is deduct u/s194c both work is same tell me what is diffrence in both (not defination) can we change deduction from 194h to 194c,?
Section 194H is for TDS on commission / brokerage (the rate of TDS is 10% under this section)
While section 194C is for TDS on Contract payment (rate of TDS under this section is 2% if payment is made to individual or huf and 1% if payment is made to other than individual / huf)
If you are not charging either commission or brokerage then you can ask party to deduct TDS u/s 194C.
CAclubindia
