Tax deducted at source
Querist : Anonymous
I want to know in whether TDS will be deducted or not???
If deducted in which Head?
As a interest TDS to be deducted
Querist : Anonymous
It is a onetime charges taken by them.
In one of my client case the bank itself said to deduct the TDS but did not say the head under which deduction to be made. We were confused under which head deduction should be made..?
We came up with two section 194H (Payment of commission and brokerage) and 194J (Professional Services)... Then we came to the conclusion that it should be deducted under section 194H...
Other opinion of the expert awaited.
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