Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 November 2014 Please help.

I have few queries.
1. Is TDS deductible on import/export freight, Handling charges ?
2. If yes, it applies to both foreign shipping company or indian shipping company ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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21 November 2014 TDS applicable on handling charges u/s 194C.
TDS not applicable on freight in view of the following provisions.

Payment to a resident agent of a Non resident Shipping company
It should be noted here that in case of a payment to Agents of a non resident Shipowner it is section 172 that will apply and not section 195 as a special provision will always override a general one .

Rupesh Jain

Rupesh Jain (Expert)
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22 November 2014 tds will applicable u/s 194C if single bill exceeds rs. 30000/- and in yer rs. 75000/-. but you have to mention you are individual or firm or company.

if your individual business and your turnover exceeds rs. 100 lacs then tds will applicable . and in partner ship and company u have to deduct the tds w/o considering turnover.

in individual case in your turnover is less than rs. 100 lacs then no tds will applicable.

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