Sir,

Our Company is a Sole Proprietor firm. We are rendering services for Bunker Fuel oil Barge owners at Chennai and Ennore Ports. Our work relates to various services rendered in connection with supply of Bunker fuel oils through Tank Barges to various ships coming to Chennai/ Ennore Ports. We have been charging our service charges as Agency Fees. Our Principals were making TDS under Sec 194C of IT Act.Though we are rendering the same service oriented work, since last month we are being charged at 11.33% which is applicable for professional work under section 194J. In this connection we found from your Expert reply dated 23rd Dec,2007 & 25th Dec2007 that even Agency Fees or any work done in shipping / handling attracts only Sec 194 C & hence TDS is only 2.265%. We request you to kindly give us your Expert advice in this matter.
Thanking you for your advice and with best Regards
Jude Vallabadas

Hi,

when we pay to NRI on account of Consultancy fees the TDS rate applicable is 30 or 40 % as the case may be.
but mistakenly we have deducted @ 11.33 % as any domestic company.so now what shoud be done on account of TDS return.
further we dont have any PAN no. of NRI consultant so when preparing TDS return what to enter in PAN Colum ?

pl reply

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