Clearing & forw. Exp on import purchase
This query is : Resolved
09 July 2010
Dear all,
we have imported goods from china. we paid rs.35000 through DD in favour of clearing & forwarding agent towards agency fees, stamp duty, documents handeling charges etc.
my query is, which ledger is to be debited?
whetehr tds need to be deducted?
Thanks in advance.
wtih best regards,
Sushil.
we have imported goods from china. we paid rs.35000 through DD in favour of clearing & forwarding agent towards agency fees, stamp duty, documents handeling charges etc.
my query is, which ledger is to be debited?
whetehr tds need to be deducted?
Thanks in advance.
wtih best regards,
Sushil.
10 July 2010
In my opinion you may debit the inventory account.
TDS to be deducted under section 194J towards Fees for Professional & Technical services.
TDS to be deducted under section 194J towards Fees for Professional & Technical services.
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