Tds on factoring charges to be deducted under 194h or 194c

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Querist : Anonymous

Querist : Anonymous (Querist)

16 February 2013 Whether TDS on Factoring Charges to be deducted under 194H or 194C?

CA Parul Saxena (Expert)
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16 February 2013 under section 194c

CA.ViVeK M ACA (Expert)
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16 February 2013 Factoring charges is in the nature of work and as such the Tax deductions will be deducted under Sec 194 C.

Querist : Anonymous

Querist : Anonymous (Querist)

18 February 2013 Dear Sir can you explain me why not tds on factoring charges to be deducted under 194H. Since payee is a financial institution.

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