Tds on charges payable to c & f agents
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 December 2011
On import of items,certain charges are payable to C& F agents(apart from ocean freight) which includes BL fee,Handling charges,customs clearance charges etc.
Is TDS applicable on these payments and if yes at what %?
Is TDS applicable on these payments and if yes at what %?
02 December 2011
Yes TDS is applicable u/s 194C if the if
1.Single transaction exceeds Rs 30,000 with effect from 1.7.2010(upto 30.6.2010 Rs 20,000)and/or
2.Aggregate payment exceeds Rs 75,000 during financial year (Rs 50,000 upto 30.6.2010)
3.In case of Company, Co-operative society, local authorities 2%
4.In case of individual and HUF 1%
5.Where PAN is not there or invalid PAN 20% of any case above
1.Single transaction exceeds Rs 30,000 with effect from 1.7.2010(upto 30.6.2010 Rs 20,000)and/or
2.Aggregate payment exceeds Rs 75,000 during financial year (Rs 50,000 upto 30.6.2010)
3.In case of Company, Co-operative society, local authorities 2%
4.In case of individual and HUF 1%
5.Where PAN is not there or invalid PAN 20% of any case above
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