TDS on Sub Contractor on Clearing & Forwarding

Share
Share This Thread
  1. supriya patade

    supriya patade New Member

    regarding tds on clearing and forwarding, raised two bill i.e for freight separate and for agency separate , if for agency annual chages less than 30,000 then pls advice tds to be deducted or not.
     
  2. Respected Madam
    You are Not liable to deducted tds u/s 194c. you will be liable to deduct tds u/s 194c if a single payment exceeds Rs 30000 or exceeds in aggregate Rs .75000
     
  3. supriya patade

    supriya patade New Member

    against same , if freight bills exceeds 30,000 but agency is less than 30,000 billed by same agent then what will be condition, rohit sir pls advice
     
  4. tds is deducted on the basis of payment or credit whichever is earlier.
    If agency has billed less than 30000 and you make payment after receipt of bill
    then it is not exceeding 30000 and hence tds should not be deducted..
    but please note that if aggregate amount exceed Rs. 75000 in a year then you have to deduct tds on whole amount i.e on 75000.
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
Independent contractor/ Consultant Income Tax Jan 8, 2017
Income Tax (TDS on Contractor 194C) Income Tax Nov 8, 2016
Options for working as a contractor for abroad customer from India Income Tax May 9, 2016
Labour contractor Income Tax Mar 25, 2016
TDS on payment to contractors 194C Income Tax Dec 12, 2015