T.D.S ON CLEARING AGENT
This query is : Resolved
31 July 2009
DEAR SIR
WE HAVE MADE ADVANCE PAYMENT 100000/- TO OUR CLEARING AGENT RELATING TO SHIPMENT FROM CHINA TO INDIA (IMPORT). WHETHER WE SHOULD T.D.S OR NOT IF YES THEN WHAT WILL BE RATE
THANKS
WE HAVE MADE ADVANCE PAYMENT 100000/- TO OUR CLEARING AGENT RELATING TO SHIPMENT FROM CHINA TO INDIA (IMPORT). WHETHER WE SHOULD T.D.S OR NOT IF YES THEN WHAT WILL BE RATE
THANKS
31 July 2009
TDS is to be deducted on only service charges which is charged by Clearing agent against his services provided. Tds rate is 2.06% u/s 194C.
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