TDS on Detention/Demmurage Charges & Ground Rent
This query is : Resolved
16 June 2011
Dear Sir/ Mam,
Can you tell me whether payment for Detention / Demmurage Charges & Ground Rent will attract TDS provision?
If yes, under which Sec & rate?
Also whether to consider payment as reimbursement (as Reimbursement does not attract TDS)only "receipt" is adequate or "invoice" from third party is required?
Best regards,
Ashwini
Can you tell me whether payment for Detention / Demmurage Charges & Ground Rent will attract TDS provision?
If yes, under which Sec & rate?
Also whether to consider payment as reimbursement (as Reimbursement does not attract TDS)only "receipt" is adequate or "invoice" from third party is required?
Best regards,
Ashwini
16 June 2011
If your forwarding agent is paying rent and claiming it as reimbursement from you the exact amount and also in the payment slip your company name is provided then tds will not be applicable.
If your forwarding agent claiming in his bill as demurages / ground rent and not disclosing the actual payment then TDS will be attracted and the rate will be as follows.
If Rent is seprately shown - Rate applicable for rental payment has to be adopted.
If total charges is provided as a consolidated bill then contract rate will be applicable.
If your forwarding agent claiming in his bill as demurages / ground rent and not disclosing the actual payment then TDS will be attracted and the rate will be as follows.
If Rent is seprately shown - Rate applicable for rental payment has to be adopted.
If total charges is provided as a consolidated bill then contract rate will be applicable.
Message likes :
1 times
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
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- 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
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
