Which section 194 H or 194C for TDS on payment to Clearing & Forwarding Agents ?

Tax at source is one of the most interpreted provisions under I T Act and therefore when it comes to deduction of tax at source on payments to Clearing & Forwarding Agents , popularly known as C & F agents , confusion remain high. One reader , Ms : Heena S. Jesani of Ahmedabad asks One...

Duty drawback claim time limit extended !

Duty drawback rules allows exporters to claim back  duties paid on imported goods upon their re-export in the same form. The rules mandated filing the drawback claim within three months from the date of ‘let export’ order by the Customs. The latest amendment allows a further period of nine months for filing the claim, subject...