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 ?
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
(Expert)
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 .
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
(Expert)
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.
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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