Tds on packing & forwarding charges
This query is : Resolved
Quick Summary
19 July 2012
Dear All
Good Morning..
I have a query because there is difference opinions in our company group.
Is TDS applicable on Packing & Forwarding Charges? if Yes, Under which Section and Rate of TDS ?
If No, Why TDS not applicable...
Request to reply aeap.
Regards,
MANAN VORA
Good Morning..
I have a query because there is difference opinions in our company group.
Is TDS applicable on Packing & Forwarding Charges? if Yes, Under which Section and Rate of TDS ?
If No, Why TDS not applicable...
Request to reply aeap.
Regards,
MANAN VORA
19 July 2012
i dont think in this issue tds applicable.
19 July 2012
Yes Section 194C will be applicable.
Rate:
Individual/HUF @1%
Others 2%
No PAN 20%.
Threshold Limit:
Single Bill Rs 30000/-
Annual Payment Rs 75000/- p.a.
Rate:
Individual/HUF @1%
Others 2%
No PAN 20%.
Threshold Limit:
Single Bill Rs 30000/-
Annual Payment Rs 75000/- p.a.
Message likes :
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19 July 2012
Yes it will be covered under section 194C
And the rate will be the same suggested by Sanjay Sir
And the rate will be the same suggested by Sanjay Sir
19 July 2012
applicable under 194c only cut off amount 30000/- for single payment and 75000/- pa payment - for individul/HUF -1% and others -2%
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19 July 2012
Thanks to all for their suggestions.
But still i want some clarifications.
Suppose we have place an order for machinery to a supplier. Supplier despatches the material and alongwith material cost, he is charging Packing and forwarding charges in his invoice. Now is TDS applicable on such packing & forwarding charges.
Once again expecting prompt reply...
Regards,
MANAN VORA
But still i want some clarifications.
Suppose we have place an order for machinery to a supplier. Supplier despatches the material and alongwith material cost, he is charging Packing and forwarding charges in his invoice. Now is TDS applicable on such packing & forwarding charges.
Once again expecting prompt reply...
Regards,
MANAN VORA
19 July 2012
No TDS is not applicable in the given case.
Message likes :
1 times
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