expenses treatment
This query is : Resolved
Mandip Bhattarai
(Querist)
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.
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
(Expert)
21 February 2008
What is the nature of security charges and to whom it was paid?
Mandip Bhattarai
(Querist)
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
(Expert)
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
(Expert)
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- Capital Gail Exemption Certificate
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- GST on Renting godown to KFCSC for Storage of Raagi
- Oct 2025 Invoices
- TAX AUDIT ON PROFESSIONAL INCOME
- Capitalgain tax purposes for valuation report compulsory
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Under marginal scheme
- Import of Software Service.
- Depreciation Chart Companies Act
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
