TDS on Demurrage

This query is : Resolved 

02 September 2010

Dear All,

Is TDS applicable on Demurrage / Detention charged paid to the transporter ?


02 September 2010

As per Sec. 194C the TDS is to be deducted from the payment made to the transporter. The Demurage charges or detention charges is also one type of charges towards the transportation.

However, keep in mind that in case the transporter provides the PAN , then u are not required to dedut TDS from 1/10/2009, otherwise TDS is to be deducted @20% wef 01/04/2010.

You need to be the querist or approved CAclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

× Online Coaching My Enrolled Courses
Articles Forum News Experts Exams Share Files Income Tax Accounts Career Corporate Law Service Tax Video Judgements Rewards Top Members Events Albums Find Friends Featured Feed Scorecard Bookmarks Mock Test Poll Notification Knowledge Finder Coaching Institutes Trainee Corner Jobs
close x
Download GST App    |    x