Sec 194c
This query is : Resolved
04 June 2016
I am Individual having business and cover under audit in FY 2015-16 paid freight to 7 transports out of which 4 payment in more than 75000.00
(i) I have not deducted TDS on freight payment? Know what to do
(ii) Total of amount of freight above Rs.75000.00 comes to 500000.00
(iii) Please tell me how much interest & penalty i have to pay
(iv) Is there any way to resolve this problem
Kindly reply us on urgent basis
(i) I have not deducted TDS on freight payment? Know what to do
(ii) Total of amount of freight above Rs.75000.00 comes to 500000.00
(iii) Please tell me how much interest & penalty i have to pay
(iv) Is there any way to resolve this problem
Kindly reply us on urgent basis
04 June 2016
Solution to solve problem,,,,,,
Obtain declaration from those 4 transporters that they dont own more than 10 vehicles
https://iccma.com/budget_15-16/declaration-from-transporter-TDS.pdf
failing which it is disallowed as an expence
Interest and penalty computation requires your date of bill and date of payment dates
Contact your tax consultant for discharging this formalities
Obtain declaration from those 4 transporters that they dont own more than 10 vehicles
https://iccma.com/budget_15-16/declaration-from-transporter-TDS.pdf
failing which it is disallowed as an expence
Interest and penalty computation requires your date of bill and date of payment dates
Contact your tax consultant for discharging this formalities
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