Tds
This query is : Resolved
07 August 2014
Is Tds deductible on ocean freight and other handling charges???
what if service tax have been charged on it?
07 August 2014
tds is applicable but not on service tax portion as per notification no 1/2014.
07 August 2014
TDS required to be deducted u/s 194C on amount excluding Service Tax if threshold limit is crossed.
Rate:
Individual/HUF @1%
Others @2%.
No PAN @20%.
Threshold limit:
Single Bill Rs 30000/-
Annual Total Rs 75000 p.a.
Rate:
Individual/HUF @1%
Others @2%.
No PAN @20%.
Threshold limit:
Single Bill Rs 30000/-
Annual Total Rs 75000 p.a.
Nikhil Kaushik
(Expert)
08 August 2014
as such TDS is not applicable on ocean freight. however, given that service tax is charged on this bill, it appears you have a direct contract with shipping agent. In this scenario, TDS shall be applicable as Sanjay and Tushar suggested
Nikhil Kaushik
(Expert)
08 August 2014
as such TDS is not applicable on ocean freight. however, given that service tax is charged on this bill, it appears you have a direct contract with shipping agent. In this scenario, TDS shall be applicable as Sanjay and Tushar suggested
Nikhil Kaushik
(Expert)
08 August 2014
as such TDS is not applicable on ocean freight. however, given that service tax is charged on this bill, it appears you have a direct contract with shipping agent. In this scenario, TDS shall be applicable as Sanjay and Tushar suggested
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