TDS ON CLEARING & FORWARDING AGENT
This query is : Resolved
CA SUREANDER NAHTA
(Querist)
20 October 2007
Sir,
CLEARING AGENT MAKE BILL AS UNDER
SERVICE CHARGES 2400/-
ITC FORMALITIES 5000/-No Proof of voucher)
CONTAINER CHG. 6000/-
CUSTOM DUTY 50000/-
RETENTION CHG. 5000/-
WHAT AMOUNT ON TDS DEDUCT AND WHICH SECTION 194C OR 194 H
CLEARING AGENT MAKE BILL AS UNDER
SERVICE CHARGES 2400/-
ITC FORMALITIES 5000/-No Proof of voucher)
CONTAINER CHG. 6000/-
CUSTOM DUTY 50000/-
RETENTION CHG. 5000/-
WHAT AMOUNT ON TDS DEDUCT AND WHICH SECTION 194C OR 194 H
S.RAVICHANDRAN
(Expert)
20 October 2007
If the agent provides separate vouchers for the reimbursements made by you for duty, container charges etc., then you will have to account for his agency charges separately and the reimbursement expenses separately.
If the agent gives a composite bill mentioning therin all the expenses made by him on your behalf, then you will have to deduct TDS for the whole bill amount.Supporting vouchers for the expenses made by him is a must for not deducting TDS on those parts.
If the agent gives a composite bill mentioning therin all the expenses made by him on your behalf, then you will have to deduct TDS for the whole bill amount.Supporting vouchers for the expenses made by him is a must for not deducting TDS on those parts.
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- IMS (import of goods) ITC related
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Form 144 TDS Return Validation error
- LLP audit and disclosure
- GST ITC as per notification 12/2023- central tax
- Form 144 TDS Return Validation Error – Mandatory Fields
- Capital Gains Tax on Inherited Mutual Fund
- Rent agreement of House of deceased person
- Ito add credit side of bank
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- 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
- How to pay remaining amount of TDS after due date?
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
