T.d.s on transporters
This query is : Resolved
25 June 2015
RESPECTED SIR,
A COMPANY IS PAYING FREIGHT ON COMMISSION AGENT FREIGHT RECEIPT. THE COMMISSION AGENT PAYS THE AMOUNT OF FREIGHT TO THE TRANSPORTER AFTER DEDUCTING HIS COMMISSION
SIR CAN THE COMPANY ACCEPT UNDERTAKING FROM COMMISSION AGENT FOR NON DEDUCTION OF T.D.S OR IT SHOULD DEDUCT T.D.S U/S 194 C OF THE INCOME TAX ACT
SIR PLEASE GIVE GUIDANCE
A COMPANY IS PAYING FREIGHT ON COMMISSION AGENT FREIGHT RECEIPT. THE COMMISSION AGENT PAYS THE AMOUNT OF FREIGHT TO THE TRANSPORTER AFTER DEDUCTING HIS COMMISSION
SIR CAN THE COMPANY ACCEPT UNDERTAKING FROM COMMISSION AGENT FOR NON DEDUCTION OF T.D.S OR IT SHOULD DEDUCT T.D.S U/S 194 C OF THE INCOME TAX ACT
SIR PLEASE GIVE GUIDANCE
25 June 2015
Exemption will not be applicable. You need to deduct TDS u/s 194C subject to threshold limit.
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