TDS on C/f
This query is : Resolved
01 July 2009
If C/f agent provides 2 bills , one for the services provided and the other for reimbrursible charges , then is TDS deductible on both amounts ? If yes kindly let me know the rate .
01 July 2009
If he gives you the bills for the reimbursement of expenses then you should not deduct the tds on such amount & balance is tax deductible.
01 July 2009
Yes.
Tax is to be deducted on both the bills since tax is deducted on :Any Sum Paid" @ 2%.
Tax is to be deducted on both the bills since tax is deducted on :Any Sum Paid" @ 2%.
01 July 2009
Yes, Nitin is right.
The language used is "Clearing & forwardig agents works as independent contractors. ANY PAYMENT made to them would be liable for deduction of Tax".
The language used is "Clearing & forwardig agents works as independent contractors. ANY PAYMENT made to them would be liable for deduction of Tax".
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Should I report my US salary for January, February, March in Schedule FA?
- GST ON EXPORT COMMISSION
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
