Is tds applicable on sea freight charges
Witrynatransit freight & Insurance charges shall be borne by the Bidder / Supplier / Contractor. ... A111. Taxes and duties applicable, if any, shall be regularized by MDL by issuing necessary ... deduction at source will be effected wherever applicable (e.g. TDS under Income tax Act, TDS Witryna15 cze 2012 · 15 June 2012 the freight charges is from our custom office to our warehouse. Pls gide is tds applicable on Freight charges. C.A Anshul Singhal …
Is tds applicable on sea freight charges
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WitrynaAs we all that, before Finance Act, 2015, the existing provisions of section 194C of the Act payment to contractors is subject to tax deduction at source (TDS) at the rate of 1% in case the payee is an individual or Hindu undivided family and at the rate of 2% in case of other payees if such payment exceeds Rs. 30,000 or aggregate of such ... Witryna19 kwi 2024 · The High Court of Gujarat held that no Tax Deducted at Source (TDS) is applicable on export freight to shipping agents of the non-resident.. The respondent …
http://www.eicbma.com/circulars/e-210-tds-freight-chargers-010212.pdf Witryna18 kwi 2009 · Shipping Line Charges The above charges are separetely mentioned on a single invoice and the party is also charging service tax on the above charges excluding ocean freight. Whether we should deduct TDS on the payment. Ram Avtar Singh (Expert) Follow 18 April 2009 TDS not applicable on that CA Nitin Wadhwani (Expert) …
Witryna23 sty 2024 · Computation of income of non-resident shipping entities posed many challenges and to ease the same Section 44B was enacted vide Finance Act, 1975 … Witryna2 cze 2015 · But if the transporter owning more than 10 goods carriages at any time during the year, then you, as payers are liable to deduct TDS at the time of paying charges to goods transporter at the rate of 1% or 2% as the case may be; based on the transport contractor’s status.
Witryna19 sie 2016 · Section 194J – TDS on Fees for Professional or Technical Services The activities carried out by Clearing and Forwarding Agent (C&F Agent) form one Composite “Work”, and Any Payments to such agents will attract deduction of tax at source only under section 194C of the Act.
Witryna24 gru 2024 · 24 December 2024 CHA agent has submitted import bill for booking (Reimbursement expenses-Shipping line and CFS charges). Suggestion is require for … pago refinanciaWitryna10 lip 2013 · 11 July 2013 TDS NOT APPLICABLE 194C: All the above said expenses was Generally re-reimbursement in nature by providing original bills paid by him and … ウェザーニュース 湯西川WitrynaNew TDS deduction No cash transactions exceeding 1 Crore -Section 194N. Extention of TDS/TCS statement filing Date. Following material on record which found and establishes the below situation: –. (i) The Clearing and forwarding agents have raised 2 separate bills: (a) 1st towards the services rendered by the Clearing and forwarding agents; and. pago refinancia pse