TDS Applicability
This query is : Open
21 February 2011
Hi,
Can anybody confirm that the applicability of TDS of the below mentioned expenses :-
* Agency Charges ( custom house agent assessment,inspection, examination etc)
* Port Wharfage Charges
* Customs sealing charges
* Port Handling Charges
* Transhipment Permitts
* Dock Labour Levy
Note : all the expenses charge amount more than 75k.
Thanks.
Gireesh Hegde
Can anybody confirm that the applicability of TDS of the below mentioned expenses :-
* Agency Charges ( custom house agent assessment,inspection, examination etc)
* Port Wharfage Charges
* Customs sealing charges
* Port Handling Charges
* Transhipment Permitts
* Dock Labour Levy
Note : all the expenses charge amount more than 75k.
Thanks.
Gireesh Hegde
21 February 2011
All chrges except Agency charges falls umder section 194C of the IT Act.
It seemes in the case of Agency chrges the services provided is of professional in nature so 194j would be applicable.
It seemes in the case of Agency chrges the services provided is of professional in nature so 194j would be applicable.
21 February 2011
Thanks for your reply.
In my case, all the above charges charged in the sigle invoice and the invoice total comes to 52 lakhs.In this case whether i have to deduct TDS u/s 194C on full invoice value or us/194J on full invoice value?
Please confirm.
Thanks.
Gireesh Hegde
In my case, all the above charges charged in the sigle invoice and the invoice total comes to 52 lakhs.In this case whether i have to deduct TDS u/s 194C on full invoice value or us/194J on full invoice value?
Please confirm.
Thanks.
Gireesh Hegde
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