TDS
This query is : Resolved
Guest
Guest
(Querist)
05 August 2009
Do we need to deduct TDS on transport charges for 2008-2009 and which rate .
CA.Tarun Maheshwari
(Expert)
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
(Expert)
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
(Expert)
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.
06 August 2009
TDS 2%
Surcharge 10%
ED Cess 3%
Total 2.266% in case of sur charge otherwise it will 2.06%
Surcharge 10%
ED Cess 3%
Total 2.266% in case of sur charge otherwise it will 2.06%
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