CCI Online Learning
What do you want to learn today?
     
CIBIL

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

TDS Deduction on re-imbirsement charges


Leena (accounts assistant)     14 October 2019

Leena
accounts assistant 
 25 points

| My Other Post

A is a clearing agent and B is their party. A makes a payment to C(shipping line / forwarder/3rd party) for freight charges on behalf of B. A also bills the same amount without GST to B as reimbursement for Freight charges. At the time of payment, TDS is deducted on the amount when B pays the re reimbursement to A.

Is this right ? Because these are reimbursement charges which the clearing agent has paid on behalf of the Consignee. 

 

avater

CA Dhruva Kalamanji (Chartered Accountant )     14 October 2019

CA Dhruva Kalamanji
Chartered Accountant  
 89 likes  1879 points

View Profile | My Other Post

If the transaction carried is under pure agent principle then no TDS have to check for agreement between a and b

Thank you
You can also write to me  at sthayin @ gmail for further assistance


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Related Threads


Loading

Popular Discussion


view more »



Trending Tags
ca
gst
ca rankholder interview
sebi
VAT
ca exams may 2020
Others
aatmanirbhar bharat
traces
llp
audit
unified portal
Professional Resource
rbi
cbdt
Union Budget
csr
cag
tcs
students
law
career
gst portal
itc

FM by Grant Thornton    |    x