Tds
This query is : Resolved
NEHACHANANA
(Querist)
02 February 2013
A clearing & forwarding agent is issuing its bill in following manner
basic custom duty 10000
Additional duty 1200
Edu. cess 336
handling fees 1000
service tax on handling fees 123.60
now the tds should be deducted on 1123.60(1000+123.60) or on whole invoice value u/s 194C
basic custom duty 10000
Additional duty 1200
Edu. cess 336
handling fees 1000
service tax on handling fees 123.60
now the tds should be deducted on 1123.60(1000+123.60) or on whole invoice value u/s 194C
CA PARAS BAFNA
(Expert)
02 February 2013
He should be advised to issue 2 bills. One for the reimbursement of charges borne on behalf of your company and other for his services. On the first Bill TDS is not required to be deducted. On the Second Bill of his services TDS will be deducted U/s 194C.
.
On the bill mentioned above, you have to deduct TDS on the entire Bill Amount.
.
.
On the bill mentioned above, you have to deduct TDS on the entire Bill Amount.
.
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