23 August 2009
Clearing & Forwarding agent has given a bill where expenses incurred by him & his service charges are mentioned. He has given the bills of parties for Expenses incurred on behalf of company attached with the combined bill .Now tds should be deducted on whole bill amount or only his service amt. Please reply .
24 August 2009
Deduct TDS only on his service charges. As the bifurcation is given alongwith the bills of expenses, treat their payment as reimbursement of expenses.
25 August 2009
EVERY ONE SAYS AGREE FOR NOT TO DEDUCT THE TAX ON REIMB. OF EXP. BUT NO ONE HAVE NOTIF./CIRCULAR OR ANY WRITTEN CLARIFICATION REGARDING THIS.
BUT I.T. HAVE NOTF. (VERY OLD) FOR DEDUCT THE TAX ON ANY REIMB. HENCE, I.T. OFFICERS ARE NOT ALLOWING TO PAY TO C&F AGENT WITHOUT DEDUCTING THE TAX ON REIMB. EVEN ON CUSTOM DUTY OR OTHER GOVT. DUES.
WE ARE ALSO C&F AGENT FACING SAME PROB. I.T. DEPT. COLLECTED THE TDS AMT. CHEQ. FROM OUR CLIENT WHO NOT DEDUCTED TAX ON REIMB. PAID TO US.
HERE DEPARTMENT SAYS US TO OBTAIN "NO TDS" OR "LOWER TDS" CERTIFICATE FROM DEPT.
ANY WRITTEN CLARIFICATION OTHERWISE SOME ACTION REQUIRED TO PROTEST THIS.
CAclubindia
