23 June 2010
Payments to clearing and forwarding agents - Payments made to clearing and forwarding agents for carriage of goods are subjected to deduction of tax at source under section 194C, since unlike the travel agents, they are independent contractors. They would also be liable to deduct tax at source while making payments to a carrier of goods—Circular : No. 715, dated 8-8-1995.
what about the payment made for bringing imported material from mumbai to delhi by an xyz and company, which is in nature like freight. Is this is also eligible for TDS.
23 June 2010
If you are hiring the Transporter and bringing it is natutre of Transporter, hence TDS u/s 194 if PAN provider by the Transporter no TDS otherwise 20%,
Incase it is in the C&F contractor response you need to deduct u/s.194C normal C&F payment TDS
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