Is tds applicable on sea freight charges
WitrynaTDS not deductible on freight chargers shown separately in Goods Purchase Bill. CIT v. Bhagwati Steels - (Punjab & Haryana HC) - In the instant case, it was held that . the payment of freight charges by the assessee to the truck drivers was based on . individual GRs which represented individual and separate contracts and there was no http://www.eicbma.com/circulars/e-210-tds-freight-chargers-010212.pdf
Is tds applicable on sea freight charges
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Witryna23 sty 2024 · Computation of income of non-resident shipping entities posed many challenges and to ease the same Section 44B was enacted vide Finance Act, 1975 … Witryna10 kwi 2011 · The client is only reimbursing the freight charges to the supplier. There is no contract between client and the transporter. Tax might have been deducted by …
Witryna16 paź 2010 · 16 October 2010 You require to deduct TDS on all charges other than ocean freight. subject to following condition : 1.if ocean freight charges belong to … Witryna4 gru 2024 · TDS on freight charges for AY 2024-21. 04 December 2024 TDS is to be deducted u/s. 194C on freight charges paid if single payment exceeds Rs.30000/- …
Witryna2 cze 2015 · But if the transporter owning more than 10 goods carriages at any time during the year, then you, as payers are liable to deduct TDS at the time of paying charges to goods transporter at the rate of 1% or 2% as the case may be; based on the transport contractor’s status. Witryna24 gru 2024 · 24 December 2024 CHA agent has submitted import bill for booking (Reimbursement expenses-Shipping line and CFS charges). Suggestion is require for …
Witrynatransit freight & Insurance charges shall be borne by the Bidder / Supplier / Contractor. ... A111. Taxes and duties applicable, if any, shall be regularized by MDL by issuing necessary ... deduction at source will be effected wherever applicable (e.g. TDS under Income tax Act, TDS
Witryna10 cze 2009 · In case, separate bill is raised by agent for demurrage charges, no TDS will be applicable since it is reimbursement of expenses. 10 June 2009 Kindly tell whether tds will be deductible on demurrage charges and under which section . Charges are not being paid as reimbursement... 11 June 2009 Demurrage is in the … 8k牛皮纸Witryna27 mar 2016 · Further, in ‘ITO vs. Freight Systems (India ) Pvt. Ltd.’, 6 SOT 473 (Del.), it has been held that payment of ocean freight and Inland haulage charges cannot be subjected to TDS by virtue of the provisions of section 172 of the Act, which position is clarified by CBDT Circular No.723 dated 19.09.1995. 8k球幕影院Witryna16 mar 2024 · TDS on Transport Charges Transport is of 2 types 1,Passenger Transport (Cab Charges) 2 Goods Transport (Freight Charges/Truck Charges) 1,Passenger Transport (Cab Charges) In this case,Section 194 C is applicable TDS is to be deducted @ 1% if Cab Operator is Individual/Proprietorship And 2% if Cab Operator is … 8k生中継Witryna21 lut 2011 · 21 February 2011 TDS not applicable on ocean freight and sea freight if it is paid to non residents and if he has exemption certificate u/s 172 of income tax … 8k直播软件Witryna14 lip 2024 · Yes it would be applicable.. however.. if he is non resident or agent of foreign shipping agent covered u/s 172... then no TDS. Regards. CA. Pramod Jain. … 8k玫瑰金WitrynaNew TDS deduction No cash transactions exceeding 1 Crore -Section 194N. Extention of TDS/TCS statement filing Date. Following material on record which found and establishes the below situation: –. (i) The Clearing and forwarding agents have raised 2 separate bills: (a) 1st towards the services rendered by the Clearing and forwarding agents; and. 8k直播车Witryna28 gru 2024 · No GST on freight charges in India is applicable for the following: Transport of agricultural produce Transport of milk, salt, food grains including rice, flour, pulses Transport of organic manure Transport of newspapers or magazines registered with the Registrar of Newspapers 8k盒子芯片