Whether TDS applicable on Freight on Imports to Foreign Co
This query is : Resolved
09 January 2008
We are Freight Forwarding Agents for a Netherlands based Principals.
We are canvassing business to our principals on commission. Our Clients are Importers from Netherlands who are patronising our principals for Air lifting goods to India.
Our Principals are raising Air Freight bill on us for & on behalf of our Clients. We are retaining our commission on freight and are remitting balance payment to principals directly in Euro's without deducting TDS.
Are we right as per IT Act for not deducting TDS ?
May I request you to guide me please ?
Regards,
V.P. D'Souza,
Accounts Manager
We are canvassing business to our principals on commission. Our Clients are Importers from Netherlands who are patronising our principals for Air lifting goods to India.
Our Principals are raising Air Freight bill on us for & on behalf of our Clients. We are retaining our commission on freight and are remitting balance payment to principals directly in Euro's without deducting TDS.
Are we right as per IT Act for not deducting TDS ?
May I request you to guide me please ?
Regards,
V.P. D'Souza,
Accounts Manager
09 January 2008
Please notify when some one replies
09 January 2008
25
09 January 2008
25
11 May 2012
Is this query still open?
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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Bank Accounts in Balance Sheet for ITR 3
- Gift of mutual fund units to daughter
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Form 10BD Filling
- Are Customised Caps the Smartest Way to Promote Your Brand?
- Capital gain of property recd from partnership firm
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
