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| This query is : Resolved
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MANAN VORA
( Author )
19 July 2012
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Dear All
Good Morning..
I have a query because there is difference opinions in our company group.
Is TDS applicable on Packing & Forwarding Charges? if Yes, Under which Section and Rate of TDS ?
If No, Why TDS not applicable...
Request to reply aeap.
Regards,
MANAN VORA
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CA Lokesh Pokharna
( Expert )
19 July 2012
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i dont think in this issue tds applicable.
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CMA. CS. Sanjay Gupta
( Expert )
19 July 2012
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Yes Section 194C will be applicable.
Rate:
Individual/HUF @1%
Others 2%
No PAN 20%.
Threshold Limit:
Single Bill Rs 30000/-
Annual Payment Rs 75000/- p.a.
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SANYAM ARORA
( Expert )
19 July 2012
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Yes it will be covered under section 194C
And the rate will be the same suggested by Sanjay Sir
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CFA Bharath Kumar
( Expert )
19 July 2012
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applicable under 194c only cut off amount 30000/- for single payment and 75000/- pa payment - for individul/HUF -1% and others -2%
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MANAN VORA
( Author )
19 July 2012
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Thanks to all for their suggestions.
But still i want some clarifications.
Suppose we have place an order for machinery to a supplier. Supplier despatches the material and alongwith material cost, he is charging Packing and forwarding charges in his invoice. Now is TDS applicable on such packing & forwarding charges.
Once again expecting prompt reply...
Regards,
MANAN VORA
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CMA. CS. Sanjay Gupta
( Expert )
19 July 2012
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No TDS is not applicable in the given case.
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