TDS ON FRIGHT

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Querist : Anonymous (Querist)

08 September 2010 WHAT IS TDS ACT FOR FRIGHT FULL

Aditya Maheshwari

Aditya Maheshwari (Expert)
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08 September 2010 Payments to clearing and forwarding agents - Payments made to clearing and forwarding agents for carriage of goods are subjected to deduction of tax at source under section 194C, since unlike the travel agents, they are independent contractors. They would also be liable to deduct tax at source while making payments to a carrier of goods—Circular : No. 715, dated 8-8-1995.