Is tds applicable on sea freight charges

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Witryna20 kwi 2024 · No Tax Deducted at Source (TDS) shall be charged from the shipping agents on export freights, says Gujarat High Courts. The respondent to the case, … 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 …

Terminal Handling Charges (THC): What to pay at ports? [2024]

Witryna5 gru 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 deductible otherwise if income is taxed in china so there is no need to deduct tax. Online classes for CA CS CMA, Professional courses for GST, Accounts, Tally etc, & Books 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. the vips 1963 cast

Tds on import [Resolved] Income Tax #983455 - CAclubindia

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. 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 … the vips 1963

TDS on Transportation Charges (Freight): All you need to know

Tds on freight charges [Resolved] Income Tax #1000889

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 … 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 … the vips 1963 filmWitrynaAs 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 ... the vips 1963 watch online

"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 … " - Is tds applicable on sea freight charges

Is tds applicable on sea freight charges

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

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) … Witryna26 lis 2024 · M. SIVAKUMAR (Manager-Accounts) (76 Points) 24 February 2011. Dear All my freinds. Please clarrify me regarding the applicability of TDS on the CHA bills …

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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 … Witryna21 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...

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 … 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

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 … 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

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 …

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 … the vips movieWitryna30 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. the vips castWitryna19 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 … the vips wedding band dublinWitrynaTDS 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 the vips squid game wikihttp://www.expertspanel.in/index.php?qa=9663&qa_1=tds-applicability-on-ocean-freight-u-s-194c the vir spectrometerWitryna10 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 … the vips imdbWitryna20 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. the vips movie wikipedia