TDS on Clearing & forwarding charges
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 February 2011
1. First bill includes freight,octroi,shipping freight, port,other expenses this all expenses are reimbursement expenses.
2. Second bill is service charge.
TDS to be deducted on first & second bill. Please advice in which section & notification for the F.Y 2010-11.
2. Second bill is service charge.
TDS to be deducted on first & second bill. Please advice in which section & notification for the F.Y 2010-11.
18 February 2011
The CBDT Circular No 715 dated 8/8/1995 has already clarified thatclearing and forwarding agent for carriage of goods subjected to tax deduction at source under section 194C of the Act.
If two bill are raise one for service charges and other for reimbursement of expenses, TDS should be deducted only on service charges
If two bill are raise one for service charges and other for reimbursement of expenses, TDS should be deducted only on service charges
Message likes :
1 times
Guest
Guest
(Expert)
18 February 2011
TDS on second bill only.
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
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- 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
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
