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TDS on Transportation

Kunal Pansari (Accountant) (1037 Points)

24 January 2018

A partnership firm was registered on September, 2017. Now since it has not been audited in 16-17, does it need to deduct TDS on payments made to transporters?

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4 Replies

RE.Vishresh (Accounts Executive) (220 Points)
Replied 24 January 2018

Your query is not clear

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (162348 Points)
Replied 24 January 2018

Who is liable to deduct tax?

Any person, other than an Individual or HUF, responsible for making payment to a resident contractor or sub-contractor for carrying out any work (including supply of labour) is liable to deduct tax at source under Section 194C.

However, an Individual or HUF who is liable to tax audit during the financial year immediately preceding the financial year in which such sum is credited or paid, shall deduct tax under section 194C.

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RAJA P M ("Do the Right Thing...!!!") (127654 Points)
Replied 24 January 2018

Originally posted by : Kunal Pansari
	A partnership firm was registered on September, 2017. Now since it has not been audited in 16-17, does it need to deduct TDS on payments made to transporters?

Dear Kunal.,

As per your Query...

First of It's not cleared. Bcoz, The firm registered* on Sep-2017. So, The FY will be Calculated as FY 2017-18. No more activities in FY 2016-17 as per your Quer...

Also no need duduct TDS...

In case Your Firm will be deduct TDS then follow the way is under

CONTRACT - TRANSPORTER

* Who has provided valid PAN - No need Deduct TDS

* If No / Invalid PAN - TDS @ 20%