Deduction of tds for clearing & forwarding agent
This query is : Resolved
06 June 2013
Bill containing both freight charges & clearing agent Amount.Then how to deduct tds for this invoice amount.
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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