There are two bills we received
from clearing & forwarding agent.
one is only their agency charged ,& second is reimbursement of various charges like as ocean freight , road freight , detention etc.
On first bill of agency charges we deduct tds u/s 194 C , but on second bill we never deduct TDs.
My question is, in second bill there are ocean freight , & freight bill invoice is in our name & amount is huge.The said amt. paid by clg . agent on behalf of us & after whole inv. amt.
we reimburse to agent.
In this case who is liable to pay the TDs on ocean freight or road freight
or this reimbursement charges is exempt from paying tds.
2 Replies
Hiren Patel
(Student)
(33 Points)
Replied 12 October 2022
As per my view you should deduct TDS as invoices are issued on company name.
Rajkumar Gutti
(591 Points)
Replied 12 October 2022
But sir , whole payment made by clg. agent how we can deduct..Is there any legal reference.
Recent Topics
- Urgent doubt on GST
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
- Schedule FA clarification
- Income tax on freelance income from crypto
- ITC temporary reversal and reclaim
- Query on Transactions
Related Threads
CAclubindia
