Dear sir, On Import of goods, we need to paid ocean freight and commission paid to foreign companies is liable to deduct Tds. Please clarify
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Sir, Is tds under section 194q applicable in case of a buyer whose income is exempt u/s 11?
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Let me know TDS Liability in case of Import Freight paid to foreign shipping company
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Assessee is charitable trust having object of Education . During the year due to financial difficulties could not make the payment of TDS in time , however before receiving any notice from the department paid the TDS along with the interest . Now PCIT has issued SCN U/SEc. 276B/276BB of the Act. Assessee trust has submitted detailed reply stating the reasons for delay . however the PCIT has decided to initiate the prosecution proceedings . whether he is justified in law ? is there any remedy available ? whether the assessee should filed the WP before the HC? pl guide
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Hon'ble experts, The buyer deducted TDS at 1% u/s 194IA of the I.T. Act on Stamp value. The PAN number furnished by the seller was inoperative at the time of filing the from 26QB. Department deducted the TDS u/s 194IA at the rate of 20% due to non furnish the PAN card and issued the imitation order along with notice of demand. PAN card and Aadhar Card linked successfully. But, Pan and Aadhar card linked status is not updated in TDS Traces portal. Kindly help me out from this situation, With Regards, MOHAMED ALI Tax Practitioner.
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The company takes various services from telecom service providers like the Intenet lease line and Session Initiation Protocol. Please let me know if TDS will be applicable to any of the above-mentioned services. If yes, under which section/rate?
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Kindly advise whether TDS is to be deducted on payment of Charges levied by CIDCO Ltd, Maharashtra for issue of NOC for mortgage of property in Navi Mumbai. Thanks
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incentives linked to deposits of sub-brokers, is it covered u/s 194/A/R/H ?
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What will be the TDS liability in case of : 1. IMPORT FREIGHT PAID TO INDIAN SHIPPING COMPANY 2. IMPORT FREIGHT PAID TO FOREIGN SHIPPING COMPANY 3. EXPORT FREIGHT PAID TO INDIAN SHIPPING COMPANY 4. EXPORT FREIGHT PAID TO FOREIGN SHIPPING COMPANY 5. ON WHAT AMOUNT TDS WILL BE APPLICABLE. INVOICE INCLUDES FREIGHT CHARGES, PORT CHARGES, MATERIAL HANDLING CHARGES ETC
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To ADMN. Regret that my query posted on the Topic, a few days ago, has thus far remained to elicit an eminent ANSWER from your inhouse EXPERT; will you please have it attended ! To Add: As per my information, in US and HK, - may be , in certain other countries as well, - unlike in India, there is no taxation of 'perquisite' - hence no TDS, by employer-company in the year in which RSU is vested. That is, unlike in India , RSU attracts tax liability (CGT) only on its 'Sale ', in the year of sale .
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Import ocean freight paid to foreign shipping company is tds deducted