tda on freight charges
This query is : Resolved
sureshselva
(Querist)
17 September 2010
Dear sir
Mr.A is construction company, when a is received good by of lorry ,had paid RS 65000 as freight charges.whether tds
@1% is applicable or not ,lorry owner is individual,
warm regards
Mr.A is construction company, when a is received good by of lorry ,had paid RS 65000 as freight charges.whether tds
@1% is applicable or not ,lorry owner is individual,
warm regards
17 September 2010
IF such lorry owner has PAN No. as per latest tds provisions, you need need to deduct TDS. if he has not PAN No. then TDS will be deducted @ 20% not 1%
Praveen Sharma
(Expert)
18 September 2010
TDS is not deducted if transportation chgs by road if the supplier has PAN. If supplier doesn't have PAN TDS is deducted @20%.
CMA Chandan Singh
(Expert)
18 September 2010
If a transport cntractor provides PAN than not to deduct TDS otherwise 20%
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