expenses treatment

This query is : Resolved

Mandip Bhattarai (Querist)
Follow

20 February 2008 Sir,
if a company is importing some items on which it has paid security for container in which it has packed its material, when material reached at indian port company has paid epenses to container corporation of india and returned back security money to the company company. now question is what is the nature of expenses is it rent,packing charges or fraight. and if it is rent do the company has to deduct TDS on that payment.

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
Follow

21 February 2008 What is the nature of security charges and to whom it was paid?

Mandip Bhattarai

Mandip Bhattarai (Querist)
Follow

21 February 2008 Nature is as the security for container which was taken on rent and it is paid to container corporation of India.

CA. GOPAL SONIKA

CA. GOPAL SONIKA (Expert)
Follow

21 February 2008 The expenses paid is not rent. But in any case TDS will be deducted @ 2 perecnt plus surcharge and cess

Sandeep Diwan

Sandeep Diwan (Expert)
Follow

22 February 2008 It is in the nature of Rent paid to container corporation of india , hence TDS is deducted on that

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Manish Tiwari

rajkumar yadav

THUSHAR MURALI KRISHNA

Abhishek Kabra

ASHOK KUMAR TEKURU

Subscribe Now

expenses treatment

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA