LIABLE TO DEDUCT TDS OR NOT ?

Yes.

Its depend whether such indian company is an agent of  such foreign shipping company. if yes, then U/s 172 of income tax override the income tax and provision of Sec. 194 & 195 will not be applicability. and no ned to deduct the tax on Ocean freight and expenses linked with such shipment.

further such indian company have to produce the certificate from income tax department, that being an agent of foreign shipping line tds provision will not be applicable for a specific period ( Income ta x department issue such certificate for one yera. it need renew to such certificate every year.

Apart from that there isa  circular issued by income tax department long time back , according to that, countries with which we have a double taxation avoid agreement , need not to deduct TDS on payment made to foreign shipping companies and their agent in india.

YES LIABLE TO DEDUCT  TDS FROM CONTRACT BILL

if any CHA reimbuse transportation/fortklift charges of his own company

e.g. my CHA is A & he his having his transport division called A (Divn transport) can we deduct TDS on reimbursement of Transportation

ddd

HELLO FRIENDS ,

IS TDS APPLICABLE ON PRINTING WORK? (visiting card, brouchers & letters etc.) IF SUPPLIER CHARGE SALES TAX ON BILL.

Please suggest..

Arun Mishra

On what portion of salary should I deduct TDS?

I mean on basic OR basic+allowance OR else?

Please provide me complete details on TDS to be deducted from salary payments.

Can any one deduct TDS, while making the concerned Payments?

or there are certain other crietaria to be fulfilled e.g. any turnover limit as mentioned U/S 44 AB or U/S 44AA compulsary maintainance of books of accounts.

Pls. send the reply.

HI

YA THE COMPANY IS LIABLE TO DEDUCT A TAX

One supplier has suppplied some goods to our organigation . Shall we deduct TDS from his total bill amount?