23 December 2014
Our CHA (Individual) has paid Rs. 70250.00 as Inland Haulage charges to The Shipping Corporation of India (India Company) on our behalf & TDS should be deducted @2%.
Our CHA has raised a debit note of the same.
We have to deduct TDS on payment to CHA. There is a confusion on TDS rate it will be either 1% or 2%. Our CHA did not deduct any TDS on above payment.
23 December 2014
Your firm and your CHA are two separate assessee having separate PAN and TAN. Now as far as TDS rate is concerned the tax should be deducted @ 1%. For non deduction of tax by CHA on payment made to company they will be liable for penal provisions.
CAclubindia
