Deduction of tds for clearing & forwarding agent
This query is : Resolved
GUDLA SAI PRASAD
(Querist)
06 June 2013
Bill containing both freight charges & clearing agent Amount.Then how to deduct tds for this invoice amount.
Ganeshbabu K
(Expert)
06 June 2013
tds is caluculated on full amount if seperate invoice is not provided by clearing agent,
CBDT Circular No.715, dated 8.8.1995 it was clearly given that if re-imbursement of expences are also included in gross amount of bill tds to be deducted where as if seperate bill raised for re-imbursement of expences tds not applicable
Please refer below
https://www.lawyersclubindia.com/experts/Tds-on-reimbursement-of-charges-392646.asp#.UbBx6UAwd15
CBDT Circular No.715, dated 8.8.1995 it was clearly given that if re-imbursement of expences are also included in gross amount of bill tds to be deducted where as if seperate bill raised for re-imbursement of expences tds not applicable
Please refer below
https://www.lawyersclubindia.com/experts/Tds-on-reimbursement-of-charges-392646.asp#.UbBx6UAwd15
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