194c - tds querry
This query is : Resolved
CA. Ronak Kapadia
(Querist)
26 May 2014
what is the thereshold limit upto which we are not required to deduct TDS in case of transporter.
Please note that deductor is a private limited company and the expense is that o f "freight expense" and such expense is paid to transporter whose PAN number is available
What i want to know is just by applying "T" flag can we just get away from deducting of TDS or is there any thereshold limit ??
Please note that deductor is a private limited company and the expense is that o f "freight expense" and such expense is paid to transporter whose PAN number is available
What i want to know is just by applying "T" flag can we just get away from deducting of TDS or is there any thereshold limit ??
Rupesh Jain
(Expert)
26 May 2014
TDS on payment to transporter having PAN not deductible . if transported not having PAN then @ 20% tds will be deductible.
in tds return only intimation for payment of freight will be given by using T flag.
in tds return only intimation for payment of freight will be given by using T flag.
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CA. Ronak Kapadia
(Querist)
27 May 2014
Okay ..thank you .. very much ...
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