Is tds applicable on sea freight charges

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August undefined, 2024

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. Witryna5 gru 2015 · Replied 18 November 2015. Article 8 of DTAA is applicable, it depends that assesse is resident of which contacting state. if income is taxed in india then tds is …

No TDS on ocean freight paid to non-resident shipping …

Witryna18 kwi 2009 · Shipping Line Charges The above charges are separetely mentioned on a single invoice and the party is also charging service tax on the above charges excluding ocean freight. Whether we should deduct TDS on the payment. Ram Avtar Singh (Expert) Follow 18 April 2009 TDS not applicable on that CA Nitin Wadhwani (Expert) … how to check cable modem speed

TDS not deductible on freight chargers shown separately in …

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. 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 … Witryna28 kwi 2024 · According to the New York State Society of CPAs, the United States charges a 4% tax (also known as TDS in other countries) on foreign-owned ships that … michelmersh richmond blend

No TDS U/s 194C on freight to C&F charges . RJA - Rajput Jain …

GST On Freight Charges in Invoice GST on Road Transport - Tally

Witryna10 lip 2013 · 11 July 2013 TDS NOT APPLICABLE 194C: All the above said expenses was Generally re-reimbursement in nature by providing original bills paid by him and Hence TDS not applicable...if Separate invoice available for all these expenses Then TDS Not applicable..As per CBDT Cir.715 dated 08.08.1995 And TDS will be … 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/- … how to check caa membership statusWitryna23 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 … michelmersh wrekin dark red

"Witryna7 mar 2024 · The way a carrier charges Terminal Handling fees also depends on the route of shipping. Usually, the total container shipping cost includes the following … " - Is tds applicable on sea freight charges

Is tds applicable on sea freight charges

Shipping charges not liable to TDS u/s 172(8) CBDT Circular 723

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 … Witryna26 maj 2012 · 26 May 2012 My client has import goods through a agent and agent has sent a bill to my client for sea import freight charges, exworks , endorsement charges, steamer line charges. whether tds is applicable and if applicable then under which section and on which amount it is applicable ? RAMESH KUMAR VERMA (Expert) …

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WitrynaTDS on transportation or TDS on freight charges involves two distinct parties: the client or the individual/institution paying in exchange for a service, and a … 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 …

Witryna10 lip 2013 · 11 July 2013 TDS NOT APPLICABLE 194C: All the above said expenses was Generally re-reimbursement in nature by providing original bills paid by him and … Witryna2 lut 2010 · 1. Whether Freight paid to Indian Railway for carriage of goods is liable for TDS under 194C. I know there is no TDS on Freight charges from 01.10.09. But i want to know applicability of provision from 01.04.09 to 30.09.09. It is …

Witryna16 maj 2024 · Before transmitting the charge, the payer must minimise their income tax liability. Let's take a look at how much TDS is applied to transportation. If the payee is … WitrynaAct, 1961 (the Act) on freight charges reimbursed to the supplier. While dealing with Section 194C of the Act, the High Court observed that the liability to deduct tax at source on the freight charges was that of the supplier while making payment to the transporter. Facts of the case The Income-tax Appellate Tribunal (the Tribunal) in

WitrynaArun Kumar Regarding your query the non deduction of TDS on sea freight paid it is submitted that as the freight paid to shipping agent of non-resident shipping companies, so TDS provision is not applicable. The Movers International is a shipping agent of swift connection which is a non-resident shipping company.

Witryna24 cze 2024 · TDS ON FREIGHT CHARGES. ... TDS will be applicable as the same will be covered by normal TDS provisions as applicable to contract receipts and shall not be covered by Sub Section 6 of Section 194C of the Act depending upon whether the … how to check cache in browserWitryna21 wrz 2024 · The Delhi Income Tax Appellate Tribunal (ITAT) has held that the payments to agents of foreign shipping companies are exempt from TDS deduction.The two-member bench of Saktijit Dey (Judicial... michelmersh shepshedWitryna14 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. … michel michaelides moorfields