regarding deductibility of tds
This query is : Resolved
ROHIT BANSAL
(Querist)
27 July 2010
MY ASSESSEE IS ENGAGED IN GTA SERVICES AND THERE IS A EXPENSES "LORRY HIRE CHARGES" IS BEING DEBITED TO THE P&L A/C....WHETHER MY ASSESSEE IS REQUIRED TO DEDUCT TDS ON THIS TRANSACTION.....WHETHER THIS IS A CONTRACT NATURE TRANSACTION......AND SAME LORRY IS REPEATED MORE THAN 10 TIMES IN A YEAR AND PAYMENT IS EXCEEDING RS.50000 P.A.MONETARY LIMIT....
PLEASE REPLY SOON IT'S URGENT....
THANKS IN ADVANCE
PLEASE REPLY SOON IT'S URGENT....
THANKS IN ADVANCE
Ca Aashish Upadhyay
(Expert)
27 July 2010
Dear Rohit
If the Lorry Hire Charges are paid to outside parties than on net payment the TDS is required to be deducted.
As far as the repairing is concern if payment is exceeding 50000/- for service charges only (and NOT THE COST OF MATERIAL) than too ur required to deduct TDS
caaashishupadhyay@gmail.com
If the Lorry Hire Charges are paid to outside parties than on net payment the TDS is required to be deducted.
As far as the repairing is concern if payment is exceeding 50000/- for service charges only (and NOT THE COST OF MATERIAL) than too ur required to deduct TDS
caaashishupadhyay@gmail.com
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
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
