TDS on CFA
Sri Sri (25 Points)
22 January 2019
Payment made to CFA(clearing forwarding Agent) for the amount CFA paid to CFS and Freight. From whom TDS has to be deducted.
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 22 January 2019
For pure reimbursement no TDS is required to be deducted.
For any commission amount or contractual basis amount TDS u/s 194H or 194C respectively will be required to be deducted.
Sri Sri
(25 Points)
Replied 22 January 2019
Reimbursement is for CFA but acutal freight and CFS service charges are accounted in our books without TDS. Will it not be disallowed .
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 22 January 2019
CFS service charges are liable to TDS as per above sections then
Sri Sri
(25 Points)
Replied 22 January 2019
Even though payment made to CFA including the reimbursement and deducted TDS in hand of the CFA. How should we file the 26Q either CFA PAN or CFS Pan.
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 22 January 2019
Person to whom payment is made
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
