TDS on payment to C & F Agents
This query is : Resolved
Guest
Guest
(Querist)
22 October 2008
Dear Experts
As per section 194C, any payments made to C & F Agent is subject to TDS.
However payments to the C&F Agent include following;
1. Reimbursement in respect of various custom formalities etc. inclg freight (Say Rs. 10,00,000/-)
2. his C&F charges (Say. Rs. 75000/-)
3. Total is Rs. 10,75,000
Case 1 - Now suppose he has raised single invoice for both 1 & 2 above, then on which amount TDS is required to be made?
Case 2 - Whether it will make any difference if C&F agent raises debit note for above 1 & his invoice for above 2.?
As per my opinion
Case 1- TDS is required to be made on whole i.e. on Rs. 10,75,000/-
Case 2 – TDs is required to be made only on Rs. 75000/-
Please give your expert opinion…
CA Rohit
As per section 194C, any payments made to C & F Agent is subject to TDS.
However payments to the C&F Agent include following;
1. Reimbursement in respect of various custom formalities etc. inclg freight (Say Rs. 10,00,000/-)
2. his C&F charges (Say. Rs. 75000/-)
3. Total is Rs. 10,75,000
Case 1 - Now suppose he has raised single invoice for both 1 & 2 above, then on which amount TDS is required to be made?
Case 2 - Whether it will make any difference if C&F agent raises debit note for above 1 & his invoice for above 2.?
As per my opinion
Case 1- TDS is required to be made on whole i.e. on Rs. 10,75,000/-
Case 2 – TDs is required to be made only on Rs. 75000/-
Please give your expert opinion…
CA Rohit
22 October 2008
Case-1.I agree with your opinion.
Case-2.I agree with your opinion provided evidence of government payment is an attachment to the debit note.
Case-2.I agree with your opinion provided evidence of government payment is an attachment to the debit note.
Guest
Guest
(Querist)
23 October 2008
thanks
and further
if the reimbursement is in respect of Freight, warehouse fees etc. exclg govt. dues,
Whether tds is to be made on this if he raised debitnote for the same with appropriate supportings.?
Rohit
and further
if the reimbursement is in respect of Freight, warehouse fees etc. exclg govt. dues,
Whether tds is to be made on this if he raised debitnote for the same with appropriate supportings.?
Rohit
CA Bosu babu
(Expert)
24 October 2008
I Also agree with your opinion....
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