Tds deduction

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Nadeem Siddique

Nadeem Siddique (Querist)
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26 December 2013 whether i will deduct Tds of clearing & forwarding agent or not

@VaibhavJ

@VaibhavJ (Expert)
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26 December 2013 Hi

Payments made to clearing and forwarding agents for carriage of goods are subjected to deduction of tax at source under section 194C.

The rate must be 2% or 1 % as the case may be.

Please refer to question number 6 of circular : No. 715, dated 8-8-1995.

Thanks//VaibhavJ

Guest

Guest (Expert)

26 December 2013 if he provides you the separate invoice of expense for reimbursement then you need to consider only service charges which was charged on separate invoice and that too either if it increase 30000 or Rs 75000 in aggregate.however if he issues a single invoice containing reimbursements and service charge then u need to deduct tds on whole amount.

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