Tds applicablity

TDS 662 views 14 replies
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CA FINAL
1054 Points Joined December 2009

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???

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On 25 November 2014 at 13:13 Report
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Manager
25955 Points Joined November 2014

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

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On 25 November 2014 at 13:20
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MANAGER ACCOUNTS
187 Points Joined November 2009

I agree with Ankit Sir

 

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On 25 November 2014 at 15:19
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Executive
124 Points Joined March 2013
Yes,, u have to deduct tds
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On 25 November 2014 at 18:18
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article
21 Points Joined January 2010
Yes, you must deduct tds
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On 25 November 2014 at 20:11
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Chief Accountant
21 Points Joined November 2014
Yes, its compulsory to deduct TDs in this case..
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On 25 November 2014 at 20:50
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ca
42 Points Joined June 2014
What is the prescribed limit
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On 25 November 2014 at 22:34
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Practising CA
8944 Points Joined December 2013
194C - Rs.30000 per transaction or Rs.75000 aggregate in whole year.
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On 25 November 2014 at 23:48
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Chartered Accountant
22 Points Joined August 2008
No....IF your agent raise seprate bills for expenses incurred on behalf of you...then no need to tds on such amount ...
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On 26 November 2014 at 06:48
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Chartered Accountant
22 Points Joined August 2008
No....IF your agent raise seprate bills for expenses incurred on behalf of you...then no need to tds on such amount ...
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On 26 November 2014 at 06:49
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Account - Executive
23 Points Joined November 2013

It is Aplicable for As per 194C Rate

 

 

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On 26 November 2014 at 12:52
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Company Secretary
54 Points Joined November 2008
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.
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On 26 November 2014 at 21:52
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own
29 Points Joined June 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
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On 26 November 2014 at 21:59
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Asstt. Manager
37 Points Joined July 2012
Yes you should deduct TDS
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On 27 November 2014 at 18:29
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MANAGER ACCOUNTS
187 Points Joined November 2009
if foreign shipping agents not need to deduct TDS. you confirm first this condition.
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On 17 September 2016 at 06:11


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