TDS -194 C
This query is : Open
13 March 2009
Sir,
Our Company is a Sole Proprietor firm. We are rendering services for Bunker Fuel oil Barge owners at Chennai and Ennore Ports. Our work relates to various services rendered in connection with supply of Bunker fuel oils through Tank Barges to various ships coming to Chennai/ Ennore Ports. We have been charging our service charges as Agency Fees. Our Principals were making TDS under Sec 194C of IT Act.Though we are rendering the same service oriented work, since last month we are being charged at 11.33% which is applicable for professional work under section 194J. In this connection we found from your Expert reply dated 23rd Dec,2007 & 25th Dec2007 that even Agency Fees or any work done in shipping / handling attracts only Sec 194 C & hence TDS is only 2.265%. We request you to kindly give us your Expert advice in this matter.
Thanking you for your advice and with best Regards
Jude Vallabadas
Our Company is a Sole Proprietor firm. We are rendering services for Bunker Fuel oil Barge owners at Chennai and Ennore Ports. Our work relates to various services rendered in connection with supply of Bunker fuel oils through Tank Barges to various ships coming to Chennai/ Ennore Ports. We have been charging our service charges as Agency Fees. Our Principals were making TDS under Sec 194C of IT Act.Though we are rendering the same service oriented work, since last month we are being charged at 11.33% which is applicable for professional work under section 194J. In this connection we found from your Expert reply dated 23rd Dec,2007 & 25th Dec2007 that even Agency Fees or any work done in shipping / handling attracts only Sec 194 C & hence TDS is only 2.265%. We request you to kindly give us your Expert advice in this matter.
Thanking you for your advice and with best Regards
Jude Vallabadas
13 March 2009
What type of services you are providing?
13 March 2009
Following works are attented to by us
A)
1) Co-ordination of Bunker fuel oil supply with Indian Oil Corporation Ltd who are sellers of oil with Chennai & Ennore ports and with concerned Agents, Ships & Chief Engineers.
2) Obtaining permissions for movement of barges within Chennai & Ennore Ports attending to supervision of loading of bunker fuel oil from IOC, shore tank facility and terminal and respective tanker barge at Chennai / Ennore ports.
3) Liasioning with IOC Oil terminal on various matters relating to bunker supplies at Chennai & Ennore Ports.
4) Attending to Crew matters.
5) Attending to maintenance repair of tank barges by coordinating the same with barge owners and arranging for work shop and materials.
6) Preparing supply invoices on behalf of owners to IOCL and receiving settlement of the same for owners account.
7) Attending to statutory certificates work of each barge with concerned Govt. Dept.
8) Arranging for survey of respective barges with Marine Surveyors.
9) Attending to correspondence and replies with various Agency as and when required for and on behalf of owners under authority from them in their own name and style.
B) Above are the general pattern work and apart from which we represent owners at every forum.
C) We do not have any written agreement towards above work nor do we have any agency appointment.
D) We are not rendering any professional service but our work can be treated in general as Agents work for which our monthly fees was raised as Agency Fees.
We await yor kind reply.
Jude Vallabadas
A)
1) Co-ordination of Bunker fuel oil supply with Indian Oil Corporation Ltd who are sellers of oil with Chennai & Ennore ports and with concerned Agents, Ships & Chief Engineers.
2) Obtaining permissions for movement of barges within Chennai & Ennore Ports attending to supervision of loading of bunker fuel oil from IOC, shore tank facility and terminal and respective tanker barge at Chennai / Ennore ports.
3) Liasioning with IOC Oil terminal on various matters relating to bunker supplies at Chennai & Ennore Ports.
4) Attending to Crew matters.
5) Attending to maintenance repair of tank barges by coordinating the same with barge owners and arranging for work shop and materials.
6) Preparing supply invoices on behalf of owners to IOCL and receiving settlement of the same for owners account.
7) Attending to statutory certificates work of each barge with concerned Govt. Dept.
8) Arranging for survey of respective barges with Marine Surveyors.
9) Attending to correspondence and replies with various Agency as and when required for and on behalf of owners under authority from them in their own name and style.
B) Above are the general pattern work and apart from which we represent owners at every forum.
C) We do not have any written agreement towards above work nor do we have any agency appointment.
D) We are not rendering any professional service but our work can be treated in general as Agents work for which our monthly fees was raised as Agency Fees.
We await yor kind reply.
Jude Vallabadas
16 March 2009
Sir,
Awaiting your kind reply
Awaiting your kind reply
25 March 2009
Sir,
Kindly confirm TDS for our above service rendering work will be under IT Sec 194 C or 194 J. We are awaiting your kind reply.
Kind Regards
Kindly confirm TDS for our above service rendering work will be under IT Sec 194 C or 194 J. We are awaiting your kind reply.
Kind Regards
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?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- Tds on building rent monthly
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- TDS under section and rate of TDS
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
- BUYING PROPERTY COULD NOT FILE 26QB
Trending Online Classes
CAclubindia
