TDS on Clearing & Forwarding Charges
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 March 2010
Sir,
We have received debit note from our clearing & forwarding agent which is as follows:-
IHC 136086
D.O Fee 2500
Manifestation 1500
Cleaning Charges 2000
LOLO 1400
CMC 140
Service tax 10.30 14794
------
Total 158420/-
On what amount we should deduct & under which section of Income tax.
Thanks
We have received debit note from our clearing & forwarding agent which is as follows:-
IHC 136086
D.O Fee 2500
Manifestation 1500
Cleaning Charges 2000
LOLO 1400
CMC 140
Service tax 10.30 14794
------
Total 158420/-
On what amount we should deduct & under which section of Income tax.
Thanks
24 March 2010
Deduct the Tax on the whole amount 158420/- under section 194C.....as the section says .....Any Sum paid....which will include the service tax also
24 March 2010
TDS SHOULD NOT BE DEDUCTED ON SERVICE TAX AMOUNT AS IT NOT INCOME OF DEDUCTEE. TDS SHOULD BE DEDUCTED ON AMOUNT EXCLUDING SERVICE TAX.
24 March 2010
Under Section 194J and 194C TDS to be deducted including Service tax.
This is as per the clarification from the department. As both these section starts with the the line any sum paid.......which includes even reimbursements and service tax.
This is as per the clarification from the department. As both these section starts with the the line any sum paid.......which includes even reimbursements and service tax.
24 March 2010
yes agree with anurag u/s 194I where only tds deduction excluding st.
24 March 2010
tds will be on full amount.
only 194 I (for rent) is the section in which TDS will be deduction without service tax.
only 194 I (for rent) is the section in which TDS will be deduction without service tax.
25 March 2010
agree
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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Under construction property in ITR
- Pass word to open justification report for Q1 for FY 2026-27
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- F & O PROFIT REPORTING FOR AY 2026-27
- Building tax payment deduction in rental Income
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
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
