Tds liable for c&f agent

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 December 2013 Dear Sir
A Pvt. Ltd.Co.(x) raised a bill as under
1.CLEARING & FORWARDING CHARGES
2.AGENCY CHARGES
3.FREIGHT INWARDS

i have deduct TDS On agency charges only.. It's labile for Clearing & forwarding charges and freight inwards charges please advice me

regards
Prashant T
Accountant

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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29 December 2013 TDS will apply under section.194C 1% for non corporate deductees and 2% for corporate deductees

Querist : Anonymous

Querist : Anonymous (Querist)

29 December 2013 Thanks sir
but its apply for clearing & forwarding charges And Freight inwards (transporation expenses) also ???

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Querist : Anonymous

Querist : Anonymous (Querist)

29 December 2013 Thanks sir
but its apply for clearing & forwarding charges And Freight inwards (transporation expenses) also ???

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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29 December 2013 Yes. it is apply. only transporter charging transport and having PAN got exemption for TDS. the query shows the C&F agent charging the other charges along with commission so TDS apply u/s.194C

Querist : Anonymous

Querist : Anonymous (Querist)

02 January 2014 Thanks sir

Still I confused - The XYZ co raised consolidated invoice

CLEARING & FORWARDING CHARGES Rs.XXX
AGENCY CHARGES Rs.XXX
TRANSPORTATION CHRGES Rs.XXX
---------------
TOTAL Rs.XXX

It's liable for all 3 heads or only agency charges ???

pl advice

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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02 January 2014 Since the consolidated invoice, it will be deducted under section.194C

Querist : Anonymous

Querist : Anonymous (Querist)

11 January 2014 Thanks sir
One more question
if Invoice raised on agency charges of Rs.35000+ Service Tax 4326= Total 39326/= Which is amount TDS applicable for ??
35000/= or 39326/=
pl advice the same

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CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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11 January 2014 TDS will apply on total Invoice value Rs.39326