TDS

This query is : Resolved

Share Report Follow Query Ask a Query

Guest

Guest (Querist)

05 August 2009 Do we need to deduct TDS on transport charges for 2008-2009 and which rate .

CA.Tarun Maheshwari

CA.Tarun Maheshwari (Expert)
Follow

05 August 2009 For FY 2008-09 TDS is compulsory to deduct on transport charges at the rate of 2% plus Surcharge if applicable plus Edu.Cess.

Ratan Sharma

Ratan Sharma (Expert)
Follow

05 August 2009 Agree with Mr. Tarun

Guest

Guest (Querist)

05 August 2009 I hope the toatl amount should exceed 20,000 per year per party.Thanks a lot for Tarun and Ratan .

CA.Tarun Maheshwari

CA.Tarun Maheshwari (Expert)
Follow

05 August 2009 It is liable if either a single bill exceeds Rs. 20000/- or if all the bills in aggregate exceed Rs.50,000/- during the year. In these cases only TDS is liable to be deducted on transporter.

Abhishek Ranjan Singh

Abhishek Ranjan Singh (Expert)
Follow

06 August 2009 TDS 2%
Surcharge 10%
ED Cess 3%
Total 2.266% in case of sur charge otherwise it will 2.06%

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Anoop

Nilesh Matekar

Keshav Dubey

Chandan Kumar

AMBOJ KUMAR

Subscribe Now

TDS

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Article Assistant

CHARTERED ACCOUNTANT

Audit Assitant

Audit Manager

Lead Conversion Executive / Sales Closing Executive

ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

Post office

Company Secretary - Part time