Please suggest, whether TDS Shall be deducted in case of a tranpsorter if total payment to be made to him during the year is less than 75,000 with no single bill greater than 30,000. Assume, he has more than 10 trucks. Thanks
siddharth (z) (48 Points)
02 August 2015Please suggest, whether TDS Shall be deducted in case of a tranpsorter if total payment to be made to him during the year is less than 75,000 with no single bill greater than 30,000. Assume, he has more than 10 trucks. Thanks
Deepak Gupta
(CA Student)
(15922 Points)
Replied 03 August 2015
Even though the number of trucks exceeds 10, TDS u/s 194C is not applicable since the payments are below the specified limits.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
