TDS Applicability

This query is : Open

Gireesh Hegde (Querist)
Follow

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

Sunil Kr. Sanganeria

Sunil Kr. Sanganeria (Expert)
Follow

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.

Gireesh Hegde

Gireesh Hegde (Querist)
Follow

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

Upgrade to CAclubindia Pro. Subscribe Now!