tds u/s 194 C

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Vinay (Querist)
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08 February 2011 We are coastal logisitics company.There are several contracts signed between our company and sub contracters. our two logistics operation unit in Porbandar and Mumbai.

We appointed two stevedoring agents at both locations.

in Porbandar,

We have a container yard , paid rent to Gujarat Maritime Board .

Here , GMB recover vessal related charges from our agent i.e. port dues,pilotage ,birth hiring,towage .Agent pass on the entire billing amount to us

Should we deducted tds from agent's bill.

In Mumbai,

We also appointed stevedoring agent.

Indira Contianer Terminal Pvt.Ltd.(ICTPL) raised bill to our Mumbai agent for loaded continer storage charges ( Import storgae) and empty container storage charges.

ICTPL also raise bill for vessal related charges i.e. to agent.

Our agent pass on the entire bill amount to us. Should we deducted tds from agent's bill.

Please advice.

Vinay Kale

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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08 February 2011 You have to deduct TDS on agents' Bills which have been very well raised upon your company under a contractual agreement.
The agent is performing like a contractor who is accomplishing the tasks entrusted to him.

By deducting TDS from his bill your company
there after does not remains liable to deduct TDS of other service agencies which are presently involved with the agents.

Guest

Guest (Expert)

08 February 2011 TDS will be required u/s 194C

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