TDS fpr clearing & forwarding agents
This query is : Resolved
12 July 2010
1.Is TDS applicable for all the services (Including Documentation) rendered by the clearing and forwarding agents?
2.Will TDS applicable if such agents spent amount for clearing & forwarding for their clients and reimburse the same from the clients?
2.Will TDS applicable if such agents spent amount for clearing & forwarding for their clients and reimburse the same from the clients?
12 July 2010
DEAR,
WILL APPLICABLE
WILL APPLICABLE
12 July 2010
Payments to Clearing and Forwarding agents for carriage of goods are subject to TDS. The Clearing and Forwarding agents themselves are also liable to deduct tax on payments to a carrier of goods. [Circular No.715 dt.8-8-1995]
12 July 2010
TDS applicable on Clearing & Forwarding agent @2%
NO tds on Reimbursment. But seperet Bill required.
NO tds on Reimbursment. But seperet Bill required.
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