Tds
This query is : Resolved
vineesh chandran.k
(Querist)
05 June 2012
Dear Sir,
Are the payments made by logistics company for the following is subject to TDS?
Payments to:
1.Airlines
2.CFS
3.Duty
4.Freight Forwarder
5.Shipping-Liner
6.Transport
Which one of the above is subject to TDS? Kindly provide the section also.
Thanks in advance
Are the payments made by logistics company for the following is subject to TDS?
Payments to:
1.Airlines
2.CFS
3.Duty
4.Freight Forwarder
5.Shipping-Liner
6.Transport
Which one of the above is subject to TDS? Kindly provide the section also.
Thanks in advance
G.SARAVANA KANNAN
(Expert)
06 June 2012
1.Airlines - TDS u/s.194C @ 2%
2.CFS - TDS u/s.194I @ 10%
3.Duty - Not applicable
4.Freight forwarder - TDS u/s.194C @2%
5.shipping-Liner -if Non-Resident=NA Resident - 194C TDS @2%
6.Transport - If PAN provided, TDS - NIL otherwise TDS @ 20%
Hope this will help you.
2.CFS - TDS u/s.194I @ 10%
3.Duty - Not applicable
4.Freight forwarder - TDS u/s.194C @2%
5.shipping-Liner -if Non-Resident=NA Resident - 194C TDS @2%
6.Transport - If PAN provided, TDS - NIL otherwise TDS @ 20%
Hope this will help you.
G.SARAVANA KANNAN
(Expert)
06 June 2012
shipping liner - Shipping business of non-residents regulated by IT Sec.172
G.SARAVANA KANNAN
(Expert)
06 June 2012
Transport - Exempted by Sec.194c(6)
No deduction shall be made from any sum credited or paid or likely to be credited or paid during the previous year to the account of a contractor during the course of business of plying, hiring or leasing goods carriages, on furnishing of his Permanent Account Number, to the person paying or crediting such sum.
No deduction shall be made from any sum credited or paid or likely to be credited or paid during the previous year to the account of a contractor during the course of business of plying, hiring or leasing goods carriages, on furnishing of his Permanent Account Number, to the person paying or crediting such sum.
vineesh chandran.k
(Querist)
06 June 2012
Dear Sir,
Thank You for your Support.
Thank You for your Support.
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