Is tds applicable on sea freight charges

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August undefined, 2024

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 … Witryna29 lip 2024 · It is clear from the section that the area of operation of TDS is confined to payments made to any “resident”. On the other hand, section 172 operates in the …

Tds on ocean freight and other charges - CAclubindia

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

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

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 … 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.expertspanel.in/index.php?qa=9663&qa_1=tds-applicability-on-ocean-freight-u-s-194c miis course offering

Section 194C(6) -TDS on Payments to Transporters - TaxGuru

Tds on air transport charges - Income Tax TDS - CAclubindia

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 … WitrynaThe 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 … new walgreens cioWitryna16 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 … new walkaround boat for sale

"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. " - Is tds applicable on sea freight charges

Is tds applicable on sea freight charges

TDS on Ocean Freight [Resolved] Income Tax #11246

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 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 …

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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) … Witryna1 mar 2016 · Transport contractors means Tranport on truck on road. here is not difine which type of service provide. if trasport by truck than tds is not applicable. if transport contractores service provide as air freight , rail freight , then tds is applicable. As per the amended section 194C, through Finance Act (2) of 2009, No deduction shall be …

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) … 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 …

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. 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

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.

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/- … new walgreens commercialWitrynatransit 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 miis conference interpretingWitryna27 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. new walgreens ceo bonus