Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 October 2014 We are a mechant exporter making air freight payment to forwarding agent . The payment made is
purely air freight and airways bill is isuued in our name. Techinaclly speaking it is reimbursement
of air freight to C&F. Whether we are liable to deduct TDS on air -freight .

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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09 October 2014 Yes liable to deduct TDS u/s 194C if threshold limit is crossed.

Threshold limit:
Rs 30000/- Single payment/bill
Rs 75000/- Annual total

Rate:
Individual/HUF @1%
Others @ 2%
No PAN @ 20%.

Querist : Anonymous

Querist : Anonymous (Querist)

14 October 2014 Dear Sanjay sir we are making payment to NR there are no provisin in section 194c to deduct tds,kindly suggest me further

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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14 October 2014 Payment to non resident will attract section 195.

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