If a firm is availing service of clearing & forwarding service on dry dock ,whether TDS is to be deducted on commission paid to him who charges Commission at the of per container.If yes then under which category....194H or 194C
If a firm is availing service of clearing & forwarding service on dry dock ,whether TDS is to be deducted on commission paid to him who charges Commission at the of per container.If yes then under which category....194H or 194C
First of all You should clarify Whether the expense is a commission or a Fee/Charges
both the commission & charges paid to Clearing & Forwarding Agent shall be liable to TDS.
Commision under Sec 194H-10%
Fee/Charges under Sec 194C-1% or 2% as the case may be
If there is specific contract agreement between you and C & F, the charges paid to him can be treated under 194C
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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