CCI Online Learning
What do you want to learn today?
     
CIBIL

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Tds applicability

This query is : Resolved 

Dear Experts,

we have imported some materials and payment made to our freight and forward agent but he issued invoice with corresponding supporting documents on which third party also mention name of our companh and not of CHA and GST Credit given to us. Now we are making payment to our CHA as reimbursement of expenses and no tds deducted accordingly. I want to know whether is it correct ? I guess TDS is deductible by us bcz third party has issued invoice in our name.

Regards,



Your Guess is right
As third party raised bill in your name and CFA must have not deducted Tax at source , You need to deduct TDS under sec 194(C)

It has been held in case of Assistant Commissioner of Income-tax, Circle-1(1), Panaji, Goa Vs Zephyr Biomedicals* that Freight to C&F agent wasn't reimbursement and liable to TDS as agent didn't made TDS while making payment to Airlines

https://www.taxmann.com/topstories/101010000000163424/freight-to-cf-agent-wasnt-reimbursement-and-liable-to-tds-as-agent-didnt-made-tds-while-making-payment-to-airlines.aspx


You need to be the querist or approved CAclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :





Trending Tags
GST Live Class    |    x