Tds while import
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 April 2018
Hello
Our company used to import for which we are required to pay ocean frieght,inland charges ,destination charges...now our company makes the payment of such expenses to our agent Mr.krishna in his personal account after deducting 1% and mr Krishna makes the same payment to a logistic company on our behalf..we got the bill of logistic company in favour of us..so the question is we have done it correct by deducting TDs of Mr krishna1% or we should deduct TDs of logistic co @2%...
CA R SEETHARAMAN
(Expert)
08 April 2018
You should deduct TDS on logistic company at 2%.
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