TDS on delivery order charges with regard to imports

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This query is : Resolved

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This discussion clarifies the TDS (Tax Deducted at Source) applicable to delivery order (DO) charges for imported goods. The consensus is to deduct TDS under Section 194C. For companies, the rate is 1.50% (previously 2% with a 25% exemption until March 31, 2021). For individuals or HUFs, the rate is 0.75% (previously 1% with a 25% exemption until March 31, 2021).

Lakshman murthy

Lakshman murthy (Querist)
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20 January 2021 Dear Sir/Madam,

We have regular imports in our company. And we pay do charges in connection with release of material. Kindly help me out regard to deduction of TDS on DO charges

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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21 January 2021 Deduct 2% TDS under section 194c.

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)
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26 January 2021 Agree with CA R Seetharama Ji, We can deduct @ 1.50% if it is a company (25% exemption from 2% till 31st March 2021) and 0.75% if the supplier is an Individual or HUF (25% exemption from 1% till 31st March 2021)

Thanks

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)
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