Tds on clearing agents

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Querist : Anonymous

Querist : Anonymous (Querist)

22 June 2013 Whether TDS on contractors will be deducted on CLearing & Forwarding Agents( who pay custom duty on our behalf)...???

Ganeshbabu K

Ganeshbabu K (Expert)
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22 June 2013 Yes, for clearing agents TDS 194C will be applicable

Ganeshbabu K

Ganeshbabu K (Expert)
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22 June 2013 Payments made to clearing and forwarding agents for carriage of goods are subjected to deduction of tax at source under section 194C, since unlike the travel agents, they are independent contractors. They would also be liable to deduct tax at source while making payments to a carrier of goods.—

Circular : No. 715, dated 8-8-1995.

But if any amount paid to clearing agent which is in the nature of re-imbursement nature..TDS not applicable provided clearing agents claims such expences seperate invoice

Thanks & regards
Ganesh babu k

Querist : Anonymous

Querist : Anonymous (Querist)

22 June 2013 Thanx.....!!!!!!

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