T.D.S u/s 194 c
This query is : Resolved
03 July 2007
is t.d.s.to be deducted from the payment made to clearing and forwarding agent u/s 194 C of income tax act?
04 July 2007
Yes, TDS needs to be deducted on payment to Clearing & Forwarding Agent.
04 July 2007
The Department of Revenue, Ministry of Finance has issued clarification on various issues relating to TDS in the form of Questions and Answers vide Circular No. 715 dated 08-08-2005. The solution to the query could be found in answer to question no. 6 of the Circular. The relavent portion is quoted below.
"As regards payments made to clearing and forwarding agents for carriage of goods, the same shall be subjected to tax deduction at source under section 194C of the Act."
Based on the above, payments made to clearing and forwarding agents for CARRIAGE OF GOODS is liable to TDS u/s. 194C - in my opinion.
"As regards payments made to clearing and forwarding agents for carriage of goods, the same shall be subjected to tax deduction at source under section 194C of the Act."
Based on the above, payments made to clearing and forwarding agents for CARRIAGE OF GOODS is liable to TDS u/s. 194C - in my opinion.
05 July 2007
rightly said
26 July 2012
Yes . its under sec194c
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
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- PAYMENT NOT SEND IN 180 DAYS
- Long term Capital gains received on sale of Residential Plot of land 10 years after buying it
- RCM INVOICING FROM NOV-2024
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
