01 July 2009
If C/f agent provides 2 bills , one for the services provided and the other for reimbrursible charges , then is TDS deductible on both amounts ? If yes kindly let me know the rate .
01 July 2009
If he gives you the bills for the reimbursement of expenses then you should not deduct the tds on such amount & balance is tax deductible.
01 July 2009
Yes, Nitin is right. The language used is "Clearing & forwardig agents works as independent contractors. ANY PAYMENT made to them would be liable for deduction of Tax".
CAclubindia
