Tds on clearing charges
This query is : Resolved
CA Mohit H. Madhuka
(Querist)
11 November 2013
We Are importing of raw material from Uk.
We are paying Charges to attendance agency and the documentation charges, stamp duty , detention charges and other agency charges to clearing and forwarding agent ,
So on which charges we are required to deduct the TDS and under which section ,
thanks in anticipation
We are paying Charges to attendance agency and the documentation charges, stamp duty , detention charges and other agency charges to clearing and forwarding agent ,
So on which charges we are required to deduct the TDS and under which section ,
thanks in anticipation
CA PARAS BAFNA
(Expert)
11 November 2013
Please go through the discussion-
Section 194C will be applicable and TDS will be deducted according to the bills raised by the agent. If separate bills for the reimbursement of charges and his own charges are issued, TDS will be deducted only on his service charges bills.
https://www.caclubindia.com/forum/details.asp?mod_id=33460&offset=2#.UoDuoTGVP3Q
Please go through the discussion-
Section 194C will be applicable and TDS will be deducted according to the bills raised by the agent. If separate bills for the reimbursement of charges and his own charges are issued, TDS will be deducted only on his service charges bills.
https://www.caclubindia.com/forum/details.asp?mod_id=33460&offset=2#.UoDuoTGVP3Q
CA Mohit H. Madhuka
(Querist)
12 November 2013
Thanks Sir....
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