Please Advice

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professional
94 Points Posted on 07 February 2008

A Company is paying port handling charges(such as barge hire charges,port dues,shpping dues,laying charges Etc.) to its Port handling agent who is further paying the amount to the port trust which is operated by the Govt.

My query is that whether the company should deduct TDS to its agent?

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On 07 February 2008 at 15:56 Report
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Service
101 Points Posted on 07 February 2008
is he charging for the services provided. if yes then check whether the payment(excluding port handl chgs) made to him is in excess of Rs.20000/- at a time or in the entire year. if yes deduct tax @ 2% u/s 194C + E.Cess @ 3%
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On 07 February 2008 at 16:06
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professional
94 Points Posted on 07 February 2008
Thanks for the response. Should TDS be deducted for all types of services provided by the forwarding agent.
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On 07 February 2008 at 16:13
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DGM-F & A
1654 Points Posted on 07 February 2008
yes, tds @ 2.26% for full payment.
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On 07 February 2008 at 16:54
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CA inter
24 Points Posted on 08 February 2008
hi I completed my CA PE II and i am leaving for abroad. I want to do CPA. Pls advise me what all books to follow and what books i need to buy from here?
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On 08 February 2008 at 06:07

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