Tds

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JR EXECUTIVE
119 Points Joined January 2009

sir,

 

we are paying clearing and forwarding charges alongwith customs duty. so should we have to deduct tds on customs duty portion also u/s 194c or we have to seggregate customs duty portion and deduct tds only clearing and forwarding charges.

convey.

 

regards,

 

ram narayana a

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On 08 November 2012 at 15:29 Report
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CA IN PRACTICE
16719 Points Joined May 2011

you should deduct the tds on the amount which is credited to party account 

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On 08 November 2012 at 15:42
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Payment of customs for forwarding agency is only a reimbursement of expenses paid on your behalf. 

So you have to pay it only on clearing charges.

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On 08 November 2012 at 15:49


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