Whether Tds to be Deducted on Sea Freight
This query is : Resolved
24 September 2019
Hello Experts,
Our company Import Material China and Japan. We have Appointed a Forwarding Agent whom we pay money and Clear our Imports and Send us the Material to our Factory. Now the question is are we requried to deduct TDS on the Sea Freight/ ocean Freight and Freight and Forwarding Charges paid.
Our company Import Material China and Japan. We have Appointed a Forwarding Agent whom we pay money and Clear our Imports and Send us the Material to our Factory. Now the question is are we requried to deduct TDS on the Sea Freight/ ocean Freight and Freight and Forwarding Charges paid.
24 September 2019
No TDS applicable on such payments.
shipping charges (Inland haulage charges, Terminal handling charges, Bunker adjustment factor, Cost adjustment factor, etc) using non-resident shipping are not liable to TDS u/s 172(8) as supplemented by CBDT Circular No. 723/1995
shipping charges (Inland haulage charges, Terminal handling charges, Bunker adjustment factor, Cost adjustment factor, etc) using non-resident shipping are not liable to TDS u/s 172(8) as supplemented by CBDT Circular No. 723/1995
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24 September 2019
TDS applicable on any charges paid for his services other than reimbursements.
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24 September 2019
Some time He charges the GST on whole Reimbursement expenses???
Also the Some of the bills in the Reimebursement expenses is in the name of the CHA and some of the Bills are ion the name of he Company?
Then tds on which amount in the above Cases???
Also the Some of the bills in the Reimebursement expenses is in the name of the CHA and some of the Bills are ion the name of he Company?
Then tds on which amount in the above Cases???
04 June 2020
What do you mean by "CHA" ? TDS needs to be deducted if it is in the nature of a contract at applicable rates.
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