2024 Is tds applicable on sea freight charges

Is tds applicable on sea freight charges

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August undefined, 2024

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. Witryna19 lis 2007 · 19 November 2007 TDS is not applicable on Ocean Freight. But if we enter into a contract with the shipping agent wherein all the goods shall be shipped through him then TDS shall be deducted u/s 194C Message likes : 1 times R.V.RAO (Expert) Follow

TDS on freight charges for AY 2024-21 - CAclubindia

Witryna19 kwi 2024 · The High Court of Gujarat held that no Tax Deducted at Source (TDS) is applicable on export freight to shipping agents of the non-resident.. The respondent … 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. robert half payroll jobs

TDS on Ocean Freight paid by CHA and claimed in his CHA Bill

Witryna30 sie 2024 · CONCOR INLAND CONTAINER DEPOT, SANATHNAGAR. To All Shipping Lines, Exporters, Importers, CHAS & Freight Forwarders. 1,000/- per TEU shall be levied towards “Terminal Infra Charges” (TIC) on Import and Export loaded containers w.e.f.01.04. 2024 at all CONCOR Terminals / CRTs / Private Sidings. 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 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 … robert half perrysburg ohio

TDS on Demurrage [Resolved] Income Tax #190343

Q. TDS APPLICABILITY ON OCEAN FREIGHT U/S 194C - Experts Panel

Witryna19 sie 2016 · Section 194J – TDS on Fees for Professional or Technical Services The activities carried out by Clearing and Forwarding Agent (C&F Agent) form one Composite “Work”, and Any Payments to such agents will attract deduction of tax at source only under section 194C of the Act. 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 … robert half payroll loginWitrynaAs we all that, before Finance Act, 2015, the existing provisions of section 194C of the Act payment to contractors is subject to tax deduction at source (TDS) at the rate of 1% in case the payee is an individual or Hindu undivided family and at the rate of 2% in case of other payees if such payment exceeds Rs. 30,000 or aggregate of such ... robert half payroll phone number

"Witryna20 gru 2010 · To add to that if Ocean Freight paid to an an Indian Company which is an Agent of Foreign Shipping Company, TDS is not applicable. " - Is tds applicable on sea freight charges

Is tds applicable on sea freight charges

Tds on freight charges [Resolved] Income Tax #1000889

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 … http://www.eicbma.com/circulars/e-210-tds-freight-chargers-010212.pdf

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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 … http://www.expertspanel.in/index.php?qa=9663&qa_1=tds-applicability-on-ocean-freight-u-s-194c

Witryna哪里可以找行业研究报告？三个皮匠报告网的最新栏目每日会更新大量报告，包括行业研究报告、市场调研报告、行业分析报告、外文报告、会议报告、招股书、白皮书、世界500强企业分析报告以及券商报告等内容的更新，通过最新栏目，大家可以快速找到自己想 … Witryna15 cze 2012 · 15 June 2012 the freight charges is from our custom office to our warehouse. Pls gide is tds applicable on Freight charges. C.A Anshul Singhal …

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 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 …

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 …

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 … robert half payroll departmentWitryna26 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) … robert half phoenix arizonaWitrynaThe CGST Act requires the importers to pay IGST at 5% on ocean freight under the Reverse Charge Mechanism (RCM). Section 5 (3) of the IGST Act: This section notifies the supplies which are taxable to GST under the reverse charge mechanism. Under the reverse charge mechanism, a recipient of goods/service is liable to pay GST instead … robert half percipioWitryna28 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 robert half phoenix jobsWitrynaTDS 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 … robert half pennsylvania locationsWitryna21 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 … robert half phoenix az addressWitryna16 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 … robert half perth