Tds deduction

This query is : Resolved

Rakesh Sharma (Querist)
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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%.

Arun Biyani

Arun Biyani (Expert)
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19 May 2014 No tds on reimbursement..

Rupesh Jain

Rupesh Jain (Expert)
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22 May 2014 no tds on reimbursement but his own service deducted TDS @ 194C

Rakesh Sharma

Rakesh Sharma (Querist)
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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.

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