TDS on Clearing & Forwarding Charges

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 May 2010 Dear Sir,

My Agent is providing Bill that include
Ocean Freight
Doc Charges
Stuffing Charges
Agency Charges
Phyto Charges
Fumigation Charges
THC,Etc
and Service Tax thereon

on which Amount TDS will be deducted and on which rate ?
and on which rate tds applicabale after
01-10-2009 ?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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12 May 2010 Payments to Clearing and Forwarding agents for carriage of goods are subject to TDS. The Clearing and Forwarding agents themselves are also liable to deduct tax on payments to a carrier of goods. [Circular No.715 dt.8-8-1995]

TDS will be deducted on total amount.
Rate of TDS w.e.f. 01-10-2009
1% for Individual/HUF
2% for Others

Message likes : 2 times

Querist : Anonymous

Querist : Anonymous (Querist)

14 May 2010 Dear Sir Thanks for your reply but there is another confusion that no need to deduct TDS on freight if PAN is available.
Is Clearing & forwarding agent is not covered undr this catgory ?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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14 May 2010 no

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