TDS on clearing and forwarding
This query is : Resolved
23 June 2010
Whether TDS is to be deducted on clearing and forwarding expenses.
If yes, then including service tax or excluding service tax if the company paying clearing n forwarding expenses is availing cenvat credit.
Plz
Plz
Plz
REPLY SOON IT'S VERY URGENT
If yes, then including service tax or excluding service tax if the company paying clearing n forwarding expenses is availing cenvat credit.
Plz
Plz
Plz
REPLY SOON IT'S VERY URGENT
23 June 2010
paymentto shipping or logistics co for clearing and forwarding services
tds to be deducted u/s 94c.
Nature of payment :contract
Rate: 2%if payee is other than ind/huf
1%if payee is indi/Huf
subject to the limit single payment more than 30000/-or yearly payment more than 75000'
on the amount excluding service tax
tds to be deducted u/s 94c.
Nature of payment :contract
Rate: 2%if payee is other than ind/huf
1%if payee is indi/Huf
subject to the limit single payment more than 30000/-or yearly payment more than 75000'
on the amount excluding service tax
23 June 2010
rates Under section 194C - need to deduct including Service tax
23 June 2010
is it any where specifically written, any kind of circular or notification or any thing else i can refer
23 June 2010
Payments to clearing and forwarding agents - 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.
23 June 2010
One more thing to ask sir
what about the payment made for bringing imported material from mumbai to delhi by an xyz and company, which is in nature like freight. Is this is also eligible for TDS.
what about the payment made for bringing imported material from mumbai to delhi by an xyz and company, which is in nature like freight. Is this is also eligible for TDS.
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23 June 2010
If you are hiring the Transporter and bringing it is natutre of Transporter, hence TDS u/s 194 if PAN provider by the Transporter no TDS otherwise 20%,
Incase it is in the C&F contractor response you need to deduct u/s.194C normal C&F payment TDS
Incase it is in the C&F contractor response you need to deduct u/s.194C normal C&F payment TDS
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