Tds applicablity

869 views
User Avatar

CA FINAL
446 Points Posted on 25 November 2014

MY CLIENT HAD PAID ALL CLEARING & FORW CHG INCLUDING CUSTOM DUTY TO THE XYZ WHO HAS IMPORTED GOODS FOR ME AND MADE PAYMENT OF ALL SHIPPING CHARGES.

 

WHILE MAKING PYMT TO XYZ FOR SHIPPING CHARGES SHALL I HAVE TO DEDUCT TDS ON CLEARING OR SHIPPING CHRG PAID BY HIM ON GOODS IMPORTED ON BEHALF OF ME???

0 Reply Share Follow
On 25 November 2014 at 13:13 Report
Replies (14)
User Avatar

Manager
20826 Points Posted on 25 November 2014

yes u must have deducted tds if the amount exceeds the exemption limits...!!!

Reply
On 25 November 2014 at 13:20
User Avatar

MANAGER ACCOUNTS
169 Points Posted on 25 November 2014

I agree with Ankit Sir

 

Reply
On 25 November 2014 at 15:19
User Avatar

Executive
108 Points Posted on 25 November 2014
Yes,, u have to deduct tds
Reply
On 25 November 2014 at 18:18
User Avatar

article
22 Points Posted on 25 November 2014
Yes, you must deduct tds
Reply
On 25 November 2014 at 20:11
User Avatar

Chief Accountant
22 Points Posted on 25 November 2014
Yes, its compulsory to deduct TDs in this case..
Reply
On 25 November 2014 at 20:50
User Avatar

ca
37 Points Posted on 25 November 2014
What is the prescribed limit
Reply
On 25 November 2014 at 22:34
User Avatar

Practising CA
5649 Points Posted on 25 November 2014
194C - Rs.30000 per transaction or Rs.75000 aggregate in whole year.
Reply
On 25 November 2014 at 23:48
User Avatar

Chartered Accountant
24 Points Posted on 26 November 2014
No....IF your agent raise seprate bills for expenses incurred on behalf of you...then no need to tds on such amount ...
Reply
On 26 November 2014 at 06:48
User Avatar

Chartered Accountant
24 Points Posted on 26 November 2014
No....IF your agent raise seprate bills for expenses incurred on behalf of you...then no need to tds on such amount ...
Reply
On 26 November 2014 at 06:49
User Avatar

Account - Executive
24 Points Posted on 26 November 2014

It is Aplicable for As per 194C Rate

 

 

Reply
On 26 November 2014 at 12:52
User Avatar

Company Secretary
39 Points Posted on 26 November 2014
It depends on nature of transaction. If you have entered in to an agreement to import on a single contract basis then you have to deduct the TDS u/s 194C on the whole aamount. If you have to pay amount in the form of commission then TDS shall be made u/s 194H.
Reply
On 26 November 2014 at 21:52
User Avatar

own
23 Points Posted on 26 November 2014
Kk if separate bill raised no need to deduct TDs what about service tax??? And whether service tax has to be collected by them or not? Please guide me
Reply
On 26 November 2014 at 21:59
User Avatar

Asstt. Manager
41 Points Posted on 27 November 2014
Yes you should deduct TDS
Reply
On 27 November 2014 at 18:29
User Avatar

MANAGER ACCOUNTS
169 Points Posted on 17 September 2016
if foreign shipping agents not need to deduct TDS. you confirm first this condition.
Reply
On 17 September 2016 at 06:11

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. LTCG - SEC54
  2. Foreign remittance from our client for Co Working
  3. UDIN generation
  4. Reply plz guys
  5. Tax Deduction and Collection Account Number
  6. Where can students practice XAT PYQs effectively?
  7. Gst on Guest house 5% without ITC
  8. How do you collect documents from clients for ITR
  9. GST ITC on Construction/ Tenant Specific Renovatio
  10. GST Treatment and Reporting of Share & Mutual

More recent discussions | Post

Related Topics :

Loading

Latest Job Openings

View all
Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
27 August 2026
ACCOUNTANT

CHARUPREETI & CO

Noida

Graduate (Any)

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details