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
24 March 2009
Yes, you need to dedcut TDS.
24 March 2009
yes tds is deductible
25 March 2009
Yes, tax is deductible. The provision of 194C are very clear on this point.
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.
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.
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Unanswered Queries
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- PPF interest-As Exempt Income disclosure
- Gift of mutual fund units to daughter
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Under construction property in ITR
- Upload Level ValidationITR3Category of Defect B/D
- Reporting of STCG on Property in ITR
- Building tax payment deduction in rental Income
- Can partnership firm show income under 44ad
- FEMA regulation Act. for inward remitance
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
