TDS

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reena boricha (Querist)
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25 April 2009 WHETHER TAX DEDUCTED FROM CLEARING & FORWARDING EX.? IF DEDUCTED THEN WHAT AMOUNT CONSIDER FOR DEDUCTION .

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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25 April 2009 Payments made to clearing and forwarding agents for carriage of goods shall be subjected to TDS u/s 194C. Pl refer CBDT circular 715 question no.6.

Jagdish Bhalia

Jagdish Bhalia (Expert)
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25 April 2009 TDS should be deducted u/s 194C on payment made to C&F agent

taxindiaconnect

taxindiaconnect (Expert)
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25 April 2009 I am in hundred percent agreement with Warrier and Jagdish, however the bill of clearing agents contain the service charges for their services & inland freight and reimbursement of clearing charges. The moot question remains whether TDS is rquired to be deducted on the entire amount or only on service charges bill. I my opinion the if all the bills are separately raised, TDS would be required to be deducted from service charges and inland freight bill.