we are paying amount towards revocation of bank guarantee lying with custom Dept. to third person .The amount is Rs.50000/-
Can tds required to be deducted u/s 194J or 194C.
What is the commission charged by third party?
Generally it is to be given to bank, where there is no TDS liability.
But if you are paying to any person other than bank, TDS u/s. 194C will be applicable.
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