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TDS on packing & forwarding

TDS 5037 views 5 replies

Dear All,

Our company is a authorised distributor of  automobile spares in AP of a MNC, Production unit of the MNC is   located in pune,so we have appointed one local person as authorised packing & forwarding agent on behalf our company, For this service he  charges @ 2% on vaule of the invoice, Total amount per month around Rs.1.5lakh, the issue is , Is it  come under TDS or not? which section ? if it comes under TDS, which section applicable ,what is the percentage of TDS ?

Kindly advise,

 

Thanks & regards

 

Kumar

Replies (5)

TDS applicable, Under section 194C 

The Nil rate will be applicable if the transporter quotes his PAN. If PAN is not quoted the rate will be 20%. (Transporter means persons engaged in plying, hiring and leasing of Goods Carriages) for payment on or After 1st april 2010

Yes TDS will be applicable U/s 194 C.

regards,

ratan

DEAR SIR,

I HAVE DONE LOCAL PURCHASE OF GOODS BUT SEPERATELY MENTION PACKING & FORWARDING CHARGES IN the SAME INVOICE.

NOW MY QUESTION IS ABOUT TDS.

TDS WILL APPLY OR NOT.

PLEASE HELP.

THANKS.

 

Yes TDS will be applicable U/s 194 C.

 


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