Tax
This query is : Resolved
14 September 2015
CAN BE DEDUCT TDS ON CUSTOMS DUTY CHARGES FROM DHL REIM.CHARGES
RAMESH KUMAR VERMA
(Expert)
14 September 2015
Section 194C of the Income Tax Act, 1961 prescribes that any payment to a contractor is subject to a Tax Deduction at Source (TDS) at the rate of:
1% in case the payee is an Individual or a Hindu Undivided Family, and
2% in case of other payees (i.e. partnership firm, company, trust, body of individuals or association of persons)
if such payment exceeds Rs. 30,000 per contract or aggregate of such payments of contracts in a financial year exceeds Rs. 75,000.
Effective June 1, 2015 TDS will be applicable at the rate of 1% or 2%, as the case may be, in the case of all payments made to a contractor during the course of plying, hiring or leasing of goods carriage, except in cases where such contractor has furnished a Declaration.
1% in case the payee is an Individual or a Hindu Undivided Family, and
2% in case of other payees (i.e. partnership firm, company, trust, body of individuals or association of persons)
if such payment exceeds Rs. 30,000 per contract or aggregate of such payments of contracts in a financial year exceeds Rs. 75,000.
Effective June 1, 2015 TDS will be applicable at the rate of 1% or 2%, as the case may be, in the case of all payments made to a contractor during the course of plying, hiring or leasing of goods carriage, except in cases where such contractor has furnished a Declaration.
14 September 2015
I HAVE IMPORT SOME PRODUCT FROM SWITZERLAND COMPANY BY DHL THEN TDS DEDUCT ON CUSTOMS DUTY CHARGES ON DHL.
RAMESH KUMAR VERMA
(Expert)
14 September 2015
dhl is right way
regards,
regards,
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