04 March 2009
THE ASSESSEE COMPANY IMPORT GOODS FROM ABROAD BY PORT,SEA.THEY PAY PRICE OF GOODS TO AGENT OF IMPORTED GOODS IN INDIA. THE COMPANY ALSO PAID LOADINGIMG AND UNLOADING CHARGES TO AGENT.MY QUESTION IS THAT TDS IS APPLICABLE ON LOADING UNLOADING CHARGES
Tours and Travels firms send outward remittances to overseas for hotel reservations and other tour related expenses on behalf of the passengers for whom they arrange the tour. The money collected is deposited in their EEFC account if they receive foreign currency from the passenger or indian rupees if they collect indian rupees from them. While making these remittances does TDS need to be deducted on these u/s 195 of the Income Tac Act, 1961.
04 March 2009
Dear Ashish, In such a case TDS will be applicable on entire trading Receipts as per the verdicts given in the case law Transmission Corporation of A.P. Ltd (1999)
04 March 2009
Dear Ashish, In such a case TDS will be applicable on entire trading Receipts as per the verdicts given in the case law Transmission Corporation of A.P. Ltd (1999)