Tds on packing & forwarding charges

This query is : Resolved 

19 July 2012 Dear All

Good Morning..

I have a query because there is difference opinions in our company group.

Is TDS applicable on Packing & Forwarding Charges? if Yes, Under which Section and Rate of TDS ?

If No, Why TDS not applicable...

Request to reply aeap.

Regards,

MANAN VORA

19 July 2012 i dont think in this issue tds applicable.

19 July 2012 Yes Section 194C will be applicable.

Rate:
Individual/HUF @1%
Others 2%
No PAN 20%.

Threshold Limit:

Single Bill Rs 30000/-
Annual Payment Rs 75000/- p.a.


19 July 2012 Yes it will be covered under section 194C
And the rate will be the same suggested by Sanjay Sir

19 July 2012 applicable under 194c only cut off amount 30000/- for single payment and 75000/- pa payment - for individul/HUF -1% and others -2%

19 July 2012 Thanks to all for their suggestions.

But still i want some clarifications.

Suppose we have place an order for machinery to a supplier. Supplier despatches the material and alongwith material cost, he is charging Packing and forwarding charges in his invoice. Now is TDS applicable on such packing & forwarding charges.

Once again expecting prompt reply...

Regards,

MANAN VORA

19 July 2012 No TDS is not applicable in the given case.



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