09 January 2008
We are Freight Forwarding Agents for a Netherlands based Principals.
We are canvassing business to our principals on commission. Our Clients are Importers from Netherlands who are patronising our principals for Air lifting goods to India.
Our Principals are raising Air Freight bill on us for & on behalf of our Clients. We are retaining our commission on freight and are remitting balance payment to principals directly in Euro's without deducting TDS. Are we right as per IT Act for not deducting TDS ?
CAclubindia
