Tax deduction at source on clearing and fowarding
This query is : Resolved
Goutam Jain
(Querist)
31 August 2011
A company who is importing goods has appointed clearing and forwarding agents.
These agents pay out expenses on behalf of the company to clear goods at port and customs.they attach all the supporting documents along with their bill. is the company required to Deduct TDS on reimbursement of Expenses to clearing agents or will it be enough if the company deducts TDS only on the fess of the agents and not on reimbursement out of pocket expenses?
Please Guide
These agents pay out expenses on behalf of the company to clear goods at port and customs.they attach all the supporting documents along with their bill. is the company required to Deduct TDS on reimbursement of Expenses to clearing agents or will it be enough if the company deducts TDS only on the fess of the agents and not on reimbursement out of pocket expenses?
Please Guide
Ram Avtar Singh
(Expert)
31 August 2011
TDS will be deduct on full amount of Bill.
ask to seperet bill for reimbursement. no tds on reimbursement
ask to seperet bill for reimbursement. no tds on reimbursement
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