TDS on Clearing & Forwarding Charges
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 March 2010
Sir,
We have received debit note from our clearing & forwarding agent which is as follows:-
IHC 136086
D.O Fee 2500
Manifestation 1500
Cleaning Charges 2000
LOLO 1400
CMC 140
Service tax 10.30 14794
------
Total 158420/-
On what amount we should deduct & under which section of Income tax.
Thanks
We have received debit note from our clearing & forwarding agent which is as follows:-
IHC 136086
D.O Fee 2500
Manifestation 1500
Cleaning Charges 2000
LOLO 1400
CMC 140
Service tax 10.30 14794
------
Total 158420/-
On what amount we should deduct & under which section of Income tax.
Thanks
24 March 2010
Deduct the Tax on the whole amount 158420/- under section 194C.....as the section says .....Any Sum paid....which will include the service tax also
24 March 2010
TDS SHOULD NOT BE DEDUCTED ON SERVICE TAX AMOUNT AS IT NOT INCOME OF DEDUCTEE. TDS SHOULD BE DEDUCTED ON AMOUNT EXCLUDING SERVICE TAX.
24 March 2010
Under Section 194J and 194C TDS to be deducted including Service tax.
This is as per the clarification from the department. As both these section starts with the the line any sum paid.......which includes even reimbursements and service tax.
This is as per the clarification from the department. As both these section starts with the the line any sum paid.......which includes even reimbursements and service tax.
24 March 2010
yes agree with anurag u/s 194I where only tds deduction excluding st.
24 March 2010
tds will be on full amount.
only 194 I (for rent) is the section in which TDS will be deduction without service tax.
only 194 I (for rent) is the section in which TDS will be deduction without service tax.
25 March 2010
agree
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
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Should I report my US salary for January, February, March in Schedule FA?
- GST ON EXPORT COMMISSION
- Sale of property furniture sale
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- 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?
Trending Online Classes
CAclubindia
