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 .
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 .
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%.
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
14 October 2014
Payment to non resident will attract section 195.
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