Our company have imported raw material & payment of Haulage & detention charges approx. Rs. 140000 is paid by CHA (Proprietor) to Indian Shipping Co. on our behalf. On this payment TDS should be deducted @ 2% & our CHA did not deduct any TDS.
CHA raises invoices for reimbursement & their service charges separately of above payment to us. Should we deduct TDS on reimbursement? If yes, 1% or 2%.
22 May 2014
But Sir, all the invoices are in our favour & the Co. providing services is a Indian Shipping Co. (The Shipping Corporation of India). Therefore, TDS should be deducted when we make payment / credit to that co.
CAclubindia
