Payment to transporter exceeding rs.35000/- but with Diff GR

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This query is : Resolved

madhur gupta (Querist)

25 February 2011 Hello friendz
Can we make payment to transporter in following manner:
01/12/2010 Rs.25000/- cash Gr.No.101
01/12/2010 Rs.28000/- cash Gr.no.102

Here payment is given to same transporter only
In this case material is coming in 2-3 trucks from same transporter and we make payments to them in cash but there GR.No.is different for each truck
plz ans it
thx

Sunil Kr. Sanganeria

Sunil Kr. Sanganeria (Expert)

25 February 2011 Tax shall not be deductible if:

1) amount of single bill does not exceed Rs.30000/- and
2) Aggregate of amount does not exceed Rs. 75000/-

In Your case, amount of single bill is less than 300000/- and sum total of both the bill is less than 75000/-, TDS would not be deducted.

The above condition does not apply to transporter who furnish their PAN means no Tax is to be deducted in case of transpoter furnishing PAN irrespective of the amount paid to them

Murtaza I Bhagat

Murtaza I Bhagat (Expert)

25 February 2011 If transporter quote their pan then no need to deduct tds.
second as per expert Rs. 30,000/- ( Thirty Thousand) in single payment & 75000/- on accural basic tds should be deducted.

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