02 December 2011
On import of items,certain charges are payable to C& F agents(apart from ocean freight) which includes BL fee,Handling charges,customs clearance charges etc.
Is TDS applicable on these payments and if yes at what %?
02 December 2011
Yes TDS is applicable u/s 194C if the if 1.Single transaction exceeds Rs 30,000 with effect from 1.7.2010(upto 30.6.2010 Rs 20,000)and/or 2.Aggregate payment exceeds Rs 75,000 during financial year (Rs 50,000 upto 30.6.2010) 3.In case of Company, Co-operative society, local authorities 2% 4.In case of individual and HUF 1% 5.Where PAN is not there or invalid PAN 20% of any case above
CAclubindia
