Tds on highseas purchase
This query is : Resolved
21 November 2013
Our co. has purchased goods through highseas seller...he has send the bill of Rs.100000 and a seaparate bill of clearance and storage of goods of Rs.15000 (including service tax).
Whether TDS to be deducted on this separate bill or should be booked as purchase
Whether TDS to be deducted on this separate bill or should be booked as purchase
21 November 2013
Hello CA Parul
In this case the amount of Rs.15,000/- charged by the vendor is for the service provided by him towards clearance of goods and storage of the same i.e C&F Agent Service. Such amount is not a part of purchases but Direct Expenses.
Hence according to me TDS has to be deducted U/S 194C
In this case the amount of Rs.15,000/- charged by the vendor is for the service provided by him towards clearance of goods and storage of the same i.e C&F Agent Service. Such amount is not a part of purchases but Direct Expenses.
Hence according to me TDS has to be deducted U/S 194C
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Stamp Paper for partnership firm change new income tax 2025
- SFT Cash Deposit in Current Account
- Value of property in capital gain
- FORM 26A APPLICABILITY
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
