Tds deduction
This query is : Resolved
Rakesh Sharma
(Querist)
17 May 2014
Dear Experts,
Our company have imported raw material & payment of Haulage & detention charges approx. Rs. 140000 is paid by CHA (Proprietor) to Indian Shipping Co. on our behalf. On this payment TDS should be deducted @ 2% & our CHA did not deduct any TDS.
CHA raises invoices for reimbursement & their service charges separately of above payment to us. Should we deduct TDS on reimbursement? If yes, 1% or 2%.
Our company have imported raw material & payment of Haulage & detention charges approx. Rs. 140000 is paid by CHA (Proprietor) to Indian Shipping Co. on our behalf. On this payment TDS should be deducted @ 2% & our CHA did not deduct any TDS.
CHA raises invoices for reimbursement & their service charges separately of above payment to us. Should we deduct TDS on reimbursement? If yes, 1% or 2%.
Arun Biyani
(Expert)
19 May 2014
No tds on reimbursement..
Rupesh Jain
(Expert)
22 May 2014
no tds on reimbursement but his own service deducted TDS @ 194C
Rakesh Sharma
(Querist)
22 May 2014
But Sir, all the invoices are in our favour & the Co. providing services is a Indian Shipping Co. (The Shipping Corporation of India). Therefore, TDS should be deducted when we make payment / credit to that co.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- IMS (import of goods) ITC related
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Form 144 TDS Return Validation Error – Mandatory Fields
- GSTR9 Annual Return
- GST ITC as per notification 12/2023- central tax
- Rent agreement of House of deceased person
- Form 144 TDS Return Validation error
- Capital Gains Tax on Inherited Mutual Fund
- Ito add credit side of bank
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
