Tds on charges payable to c & f agents
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 December 2011
On import of items,certain charges are payable to C& F agents(apart from ocean freight) which includes BL fee,Handling charges,customs clearance charges etc.
Is TDS applicable on these payments and if yes at what %?
Is TDS applicable on these payments and if yes at what %?
Hari Beldona
(Expert)
02 December 2011
Yes TDS is applicable u/s 194C if the if
1.Single transaction exceeds Rs 30,000 with effect from 1.7.2010(upto 30.6.2010 Rs 20,000)and/or
2.Aggregate payment exceeds Rs 75,000 during financial year (Rs 50,000 upto 30.6.2010)
3.In case of Company, Co-operative society, local authorities 2%
4.In case of individual and HUF 1%
5.Where PAN is not there or invalid PAN 20% of any case above
1.Single transaction exceeds Rs 30,000 with effect from 1.7.2010(upto 30.6.2010 Rs 20,000)and/or
2.Aggregate payment exceeds Rs 75,000 during financial year (Rs 50,000 upto 30.6.2010)
3.In case of Company, Co-operative society, local authorities 2%
4.In case of individual and HUF 1%
5.Where PAN is not there or invalid PAN 20% of any case above
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
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- MSME disclosure and disallowance
- EPF ECR NEW RULES Sep 17th 2026
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- 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
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
