Customs agents have this practice to make bills by mentioning the duties and taxes in their bills for calculation purpose only.
Read the bill carefully, the customs portion is mentioned there as for calculation and all documents related to tax /duty is annexed alongwith.
but i am asking whether to deduct TDS on whole bill or only on clearing charges
customs duty / cvd is related to purchase of capital goods / inputs only which gets capitalized in assets or purchse value, and TDS is inapplicable in case of goods. however if u account C&F charges as expenditure then the same would be subject to TDS, if the C&F also get capitalized then it would be treated as payment against procurement of goods.
TDS is to be deducted on clearing charges only....
TDS is deducted on clearing charges
tds only for clearing charges bill raised for customs duty to be ignored as it is a payment to goverment
please refer to the below mentioned link for your answer
/experts/tds-on-reimbursement-22901.asp#14904
hope u will find your answer in the said discussion.
agreed tds must be deducted only on clearing charges because agent is working as pure agent
Please suggest me what I have done for the below error. This my second time of my correction TDS return but both time I saw the error. Please suggest urgently.
Thank
Sudip
TDS/TCS - ERROR FILE
| Line No | Record Type | Batch No | Challan Details Record Number | Deductee/ Salary Detail No. | Error Code | Error Descripttion |
| 4 | Deductee | 1 | 2 | 1 | T-DB-4003 |
Last deductee/collectee PAN of the statement is not matching with corresponding statement details avaialble at TIN Central System |
Sir,
Please suggest the below error.
Error
Last Employee PAN Reference number of the statement is not matching with corresponding statement details available at TIN Central System.
Suggestion
Deductor should prepare correction statement on the last TDS/TCS (regular/correction) statement submitted by them. Deductor may request for consolidated TDS/TCS statement from the TIN central system and prepare correction statement on the consolidated statement
I want to prepare of consolidated statement and how to request the TIN Central System.
Thanks
Sudip
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