Applicability of TDS on clearing and forwarding charges

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....pplicability of TDS on clearing and forwarding charges<br> Query (Issue) Started By: - madhavvan n Dated:- 28-4-2009 Last Reply Date:- 29-4-2009 Income Tax<br>Got 1 Reply<br>Income Tax<br>clearing and....

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.... forwarding charges are they subject to tds is rutb eucted only if one payment exceeds rs. 20000/- or annula contract value exceeds rs. 50000 Reply By Ravi Chopra: The Reply: If amount for single bi....

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....ll or single payment is not exceeding Rs. 20,000/- no need to deduct TDS. On the other side, where gross amount for more than one bill (each are not exceeding Rs.20,000/-) is likely to paid or paid is....

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.... exceeding Rs. 50,000/- you need to deduct TDS. Kindly refer to provisions of Section 194C - sub section (3) clause (i)<br> Discussion Forum - Knowledge Sharing ....