TDS on Late delivery Charges [Foreign]
This query is : Resolved
10 November 2022
Dear Sir,
Liquidated damages [ Late delivery charges called as “LD“] : We have exported the material, but some of material got deled to deliver to our foreign customer and our foreign customer have charged the amount as Late delivery charges.
Kindly advice to deduct TDS rate and RBI Purpose code towards process this payment.
Thank you.
Liquidated damages [ Late delivery charges called as “LD“] : We have exported the material, but some of material got deled to deliver to our foreign customer and our foreign customer have charged the amount as Late delivery charges.
Kindly advice to deduct TDS rate and RBI Purpose code towards process this payment.
Thank you.
10 November 2022
No TDS applicable on such LD
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
- What is process for activation of bank account freeze due to non filling of return ?
- What is income from business controlled from India?
- GST REFUND ON EXPORT EXPENSES OF EXEMPTED GOODS
- TDS on Indian ADS dividend
- REGARDING CLAIMING OF ITC CREDIT IN NEXT FINANCIAL YEAR
- TDR receipts for agreement holder
- Partnership firm engaged in commercial leasing of warehouse - under which is taxable head
- TDS NOT REFLECT IN ITD
- Vivad se vishwas scheme 2024 new
- 54 f disallowance
- Advance received for sale of land in previous financial year, but land sale after financial year end
- GST practitioner exam and income tax practitioner exam
- GSTR9 LIABILITY
- GSTR9C Turnover 1
- ITC - in 3b
- MIS MATCH OF INVOICE NUMBER
- Query for dubts
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
- Need to correct "Whether it is last installment " response in Form 26 QB
- GST ASMT-10 time extension query
Trending Online Classes
-
6 days Certification Course on GST Practical Return Filing Process
CA Pratibha Goyal16 December 2024
CAclubindia
