Freight - TDS
This query is : Resolved
24 March 2009
WE ARE SENDING THE STOCKS TO C&F THROUGH ROAD TRANSPORTERS AND from the C & F Points the goods will go to Distributors
Shall we Deduct TDS on Freight Amount u/s 194c if thre freight amount is more than 20,000/- or aggregates exceed 50,000/-
Pls. Advice
Shall we Deduct TDS on Freight Amount u/s 194c if thre freight amount is more than 20,000/- or aggregates exceed 50,000/-
Pls. Advice
CA Tilak Raj Sharma
(Expert)
24 March 2009
Yes, you need to dedcut TDS.
24 March 2009
yes tds is deductible
Suresh Agrawal
(Expert)
25 March 2009
Yes, tax is deductible. The provision of 194C are very clear on this point.
Rashesh Patel
(Expert)
25 March 2009
Dear Mr. Mohan Rao,
If your C & F bill is above Rs. 20000.00 than you must have to deduct TDS from Transporter & Rs. 50000.00 is limit for Transportation Charges if transporter give bills odd amount i. e. 2000.00, 5000.00, 3200.00 like wise total amount Rs. 20000.00 its not deductable for TDS...if amount goes above 50000.00 than it can deductable.
If your C & F bill is above Rs. 20000.00 than you must have to deduct TDS from Transporter & Rs. 50000.00 is limit for Transportation Charges if transporter give bills odd amount i. e. 2000.00, 5000.00, 3200.00 like wise total amount Rs. 20000.00 its not deductable for TDS...if amount goes above 50000.00 than it can deductable.
Rashesh Patel
(Expert)
25 March 2009
Dear Mr. Mohan Rao,
If your C & F bill is above Rs. 20000.00 than you must have to deduct TDS from Transporter & Rs. 50000.00 is limit for Transportation Charges if transporter give bills odd amount i. e. 2000.00, 5000.00, 3200.00 like wise total amount Rs. 20000.00 its not deductable for TDS...if amount goes above 50000.00 than it can deductable.
If your C & F bill is above Rs. 20000.00 than you must have to deduct TDS from Transporter & Rs. 50000.00 is limit for Transportation Charges if transporter give bills odd amount i. e. 2000.00, 5000.00, 3200.00 like wise total amount Rs. 20000.00 its not deductable for TDS...if amount goes above 50000.00 than it can deductable.
Rashesh Patel
(Expert)
25 March 2009
Dear Mr. Mohan Rao,
If your C & F bill is above Rs. 20000.00 than you must have to deduct TDS from Transporter & Rs. 50000.00 is limit for Transportation Charges if transporter give bills odd amount i. e. 2000.00, 5000.00, 3200.00 like wise total amount Rs. 20000.00 its not deductable for TDS...if amount goes above 50000.00 than it can deductable.
If your C & F bill is above Rs. 20000.00 than you must have to deduct TDS from Transporter & Rs. 50000.00 is limit for Transportation Charges if transporter give bills odd amount i. e. 2000.00, 5000.00, 3200.00 like wise total amount Rs. 20000.00 its not deductable for TDS...if amount goes above 50000.00 than it can deductable.
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