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TDS on C/f

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(Querist)
01 July 2009 If C/f agent provides 2 bills , one for the services provided and the other for reimbrursible charges , then is TDS deductible on both amounts ? If yes kindly let me know the rate .
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chetan soni

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chetan soni (Expert)
01 July 2009 If he gives you the bills for the reimbursement of expenses then you should not deduct the tds on such amount & balance is tax deductible.
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
01 July 2009 Yes.
Tax is to be deducted on both the bills since tax is deducted on :Any Sum Paid" @ 2%.
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CA Manish Sharma

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CA Manish Sharma (Expert)
01 July 2009 Yes, Nitin is right.
The language used is "Clearing & forwardig agents works as independent contractors. ANY PAYMENT made to them would be liable for deduction of Tax".
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pratik

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pratik (Querist)
03 July 2009 thanks a lot all ..
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