Querry regarding TDS u/s 194H

TDS 7151 views 21 replies

gargi

Chartered Accountant

152 Points Joined November 2007

Hi!!!

Can u please tell me under which section of Income Tax Act, 1961, the following transaction shall be liable to TDS, whether u/s 194C or 194H.

A concern/agency, unloading the goods and providing services related to such transaction of goods on the ports in case of import of goods in India on behalf of the assessee company.and where in some of its bills the 'agency fees' are exclusively mentioned.i.e. in the bill of the co. providing the service and carrying out the unloading, etc. on behalf of the assessee co.

my ques. is whether such payment to that particular concern by the assessee co. is liable to TDS u/s 194C or u/s 194H considering it as commission or brokerage.

Kindly help me asap.

Replies (21)

CA. Dashrath Maheshwari

TaXpert

15116 Points Joined September 2007

It comes in 194C and not in 194H

Miss Komal Mantri

Chartered Accountant

1974 Points Joined March 2007

194 c is applicable...

Guest

429230 Points Joined August 2012

This is a Contract. So Sec 194C will apply.

Guest

429230 Points Joined August 2012

1.TDS from payments to contractors(S.194C) a.contractor b.subcontractor 2.TDS from commission or brokage(S194H)

Guest

429230 Points Joined August 2012

Dear Expert,

I have Pvt. Ltd. Company and getting Transportation for our materials shifting from transporter, Party has not charging service tax, and raise bill of transport, we booked in indirect expenses - Transportation Expense,

Now Can i deduct TDS, if yes what is rate and which section, please inform me.

Thanks

sanjay de

Financial Advisor

20 Points Joined November 2007

Sir

I am facing a peculiar problem I am a sub broker sebi regd Now my broker is deducting tax on the service tax also I want to know is he right in doing so and how in my accounts i will show as no debit is reflected in the ledger and also i am not covered under service tax

for Rs 100 credited by broker is deducting tax @ 11.33% on 100+12.36 but the service tax amount Rs 12.36 is not received by me nor any reflection is shown in my ledger as i am not covered in service tax

Guest

429230 Points Joined August 2012

Agency commission on container Handling related services TDS u/sec 194C or 194 H? will be applicable?

pls. reply urgently

Guest

429230 Points Joined August 2012

Originally posted by :gargi
"	Hi!!!Can u please tell me under which section of Income Tax Act, 1961, the following transaction shall be liable to TDS, whether u/s 194C or 194H.A concern/agency, unloading the goods and providing services related to such transaction of goods on the ports in case of import of goods in India on behalf of the assessee company.and where in some of its bills the 'agency fees' are exclusively mentioned.i.e. in the bill of the co. providing the service and carrying out the unloading, etc. on behalf of the assessee co.my ques. is whether such payment to that particular concern by the assessee co. is liable to TDS u/s 194C or u/s 194H considering it as commission or brokerage.Kindly help me asap.	"

Guest

429230 Points Joined August 2012

05.10.08

regarding : tds on surface transport - lorry owner or transport broker

my truck booked at pune through transport broker and I llected decided freight from broker in cash after deduction of tds.

my broker collected tds certificate 2007-08 from party in his name instead of my name.

my querry is that:

is transport broker is having right to take TDS Certificate in his name for the above said truck freight?

can i claim the amt of tds deducted agst. lorry freight by broker

since I have not received TDS certificate at the end of year.?

broker is a person who is mediator between party and lorry owner.

sanjay - regards

My pan No was in A/F position at the time of booking freight.

Guest

429230 Points Joined August 2012

Contract for software development made with mumbai client

what is the rates of TDS

Shudhanshu Agrawal

Business

2570 Points Joined May 2008

TDS willbe deducted under section 194C and not on 194H

Shudhanshu Agrawal

Business

2570 Points Joined May 2008

Solution for Sanjay's Queries is Till now nothing has some to exclude service tax from TDS leaving Section 194I (Rent) So Service tax will also be included.