TDS rates on service rendered by Clearing agent other than clearing and forwarding

Hi,

If service rendered by Clearing & Forwarding Agent towards cancellation of bonds, applying for bonds.  IS the TDS  to be deducted  under 194C or 194J.

Replies (2)
Quick Summary
This discussion seeks clarification on the appropriate TDS (Tax Deducted at Source) section for services provided by a clearing and forwarding agent that fall outside their typical clearing and forwarding duties. Specifically, the user is asking whether TDS should be deducted under Section 194C or 194J for services related to the cancellation and application of bonds. The prevailing suggestion is to consider Section 194J unless there's an annual contract, in which case Section 194C might be applicable.

Unless its annual contract, go with sec. 194J.

In protest against ADMIN for its discriminatory behavior among different members, I leave the portal permanently.  Good Bye.  

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