For shipping Agencies or Freight & Forwarding Agent, at what amount should TDS should be deducted? i.e The bill has been contain various expenses made by them for clearing the goods and collecting the same with the client?
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TDS on which Amount?
Replies (3)
ON GROSS AMOUNT TDS SHOULD BE DEDUCTED
on gross amount only tds deducted.
Hi,
If i m not wrong than the query u are asking is in respect of TDS to be deducted on reimbursement of expenses to freight & forwarding agent or not ?
advice your Freight & forwading agent to issue different bills for reimbursement of expenses and his commission or his service income .If he issues differentbills then TDS on only his commisssion or service charges.
In other cases on gross value . i.e including reimbursement of expenses.
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