Tds on clearing and forwaring agents

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Gorav Kumar Goyal (Querist)
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05 April 2013 WHETHER TDS IS DEDUCTED ON GROSS AMOUNT ON CLEARING AND FORWARDING AGENTS INCLUDING REIMBURSEMENTS OR ONLY ON THE SERVICE PROVIDED BY CHA NOT ON REIMBURSEMENT.

WE HAVE ALSO RECEIVED BILLS OF OTHER PARTIS FROM WHOM CHA HAS TAKEN SERVICES AND CLAIMED THE REIMBURSEMENT.

THANKS,

GORAV GOYAL

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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26 July 2013 If the reimbursement raised separate debit notes based on proofs then no TDS.

If it is raised in the same invoice, the TDS will apply u/s.194C on gross value of bill

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