C & F Agent (TDS ?)
This query is : Resolved
Guest
Guest
(Querist)
23 October 2008
Dear Experts
As per section 194C, any payments made to C & F Agent is subject to TDS.
However payments to the C&F Agent include following;
1. Reimbursement in respect of various custom formalities etc. inclg freight (Say Rs. 10,00,000/-)
2. his C&F charges (Say. Rs. 75000/-)
3. Total is Rs. 10,75,000
Case 1 - Now suppose he has raised single invoice for both 1 & 2 above, then on which amount TDS is required to be made?
Case 2 - Whether it will make any difference if C&F agent raises debit note for above 1 & his invoice for above 2.?
As per my opinion
Case 1- TDS is required to be made on whole i.e. on Rs. 10,75,000/-
Case 2 – TDs is required to be made only on Rs. 75000/-
Please give your expert opinion…
CA Rohit
As per section 194C, any payments made to C & F Agent is subject to TDS.
However payments to the C&F Agent include following;
1. Reimbursement in respect of various custom formalities etc. inclg freight (Say Rs. 10,00,000/-)
2. his C&F charges (Say. Rs. 75000/-)
3. Total is Rs. 10,75,000
Case 1 - Now suppose he has raised single invoice for both 1 & 2 above, then on which amount TDS is required to be made?
Case 2 - Whether it will make any difference if C&F agent raises debit note for above 1 & his invoice for above 2.?
As per my opinion
Case 1- TDS is required to be made on whole i.e. on Rs. 10,75,000/-
Case 2 – TDs is required to be made only on Rs. 75000/-
Please give your expert opinion…
CA Rohit
23 October 2008
No TDs on reimbursment
only TDS shold be sharged on Commission & service tax.
Please Demond Sepret Invoice for Commission & seperet Invoice for Reimbursment.
only TDS shold be sharged on Commission & service tax.
Please Demond Sepret Invoice for Commission & seperet Invoice for Reimbursment.
23 October 2008
agree with ram
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