TDS Section

This query is : Resolved 

16 November 2009 If we reimburse octroi amount to the Octroi Agent where he charges 1% of service charge on octroi amt.paid, then applicability of TDS is arising if yes then under what section & what rate the tax is to be deducted and on which amount ?

Thanking you in advance

16 November 2009 Sec 194C if you have an contract with the agent.

TDS rate is 1 % if the said agent is Individual or HUF and 2 % for others on the gross amount of the bill.

However octroi challan should be in your name and you should ask your agent to issue separate Invoice for sevice charges so that you need not deduct TDS on octroi.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries