TDS on Detention/Demmurage Charges & Ground Rent
This query is : Resolved
16 June 2011
Dear Sir/ Mam,
Can you tell me whether payment for Detention / Demmurage Charges & Ground Rent will attract TDS provision?
If yes, under which Sec & rate?
Also whether to consider payment as reimbursement (as Reimbursement does not attract TDS)only "receipt" is adequate or "invoice" from third party is required?
Best regards,
Ashwini
Can you tell me whether payment for Detention / Demmurage Charges & Ground Rent will attract TDS provision?
If yes, under which Sec & rate?
Also whether to consider payment as reimbursement (as Reimbursement does not attract TDS)only "receipt" is adequate or "invoice" from third party is required?
Best regards,
Ashwini
16 June 2011
If your forwarding agent is paying rent and claiming it as reimbursement from you the exact amount and also in the payment slip your company name is provided then tds will not be applicable.
If your forwarding agent claiming in his bill as demurages / ground rent and not disclosing the actual payment then TDS will be attracted and the rate will be as follows.
If Rent is seprately shown - Rate applicable for rental payment has to be adopted.
If total charges is provided as a consolidated bill then contract rate will be applicable.
If your forwarding agent claiming in his bill as demurages / ground rent and not disclosing the actual payment then TDS will be attracted and the rate will be as follows.
If Rent is seprately shown - Rate applicable for rental payment has to be adopted.
If total charges is provided as a consolidated bill then contract rate will be applicable.
Message likes :
1 times
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?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- Credit profit and loss account in case of bonus share received
- How to determine cost of acquisition of shares on De-merger or Merger
- 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?
- Query for dubts
Trending Online Classes
CAclubindia
