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.
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Bank Guarantee revocation work
Replies (3)
What is the commission charged by third party?
50000/-
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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