TDS on Clearing & Forwarding Charges
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 ?
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 ?
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
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 ?
Is Clearing & forwarding agent is not covered undr this catgory ?
14 May 2010
no
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