TDS
This query is : Resolved
17 January 2009
Whether TDS is to be deducted u/s 194C when a separate bill of freight / loading /unloading of material is received from a supplier of material
Thanks in advance
Thanks in advance
17 January 2009
TDS will bw deducted only on separete bill of freight / loading /unloading of material .
17 January 2009
I beg to differ
TDS has to be affected when payments towards freight are made to Transporters (Circular : No. 715, dated 8-8-1995).
There is no requirement to affect TDS when freight payment is made to Supplier, irrespective of whether Supplier includes both cost of goods and freight in one consolidated bill or raises two seperate bills for cost of goods and freight
Supplier has claimed freight charges from Buyer. So it is imperative that freight payment to Transport Contractor is made by Supplier. So obligation to affect TDS rests on the Supplier and not Buyer.
TDS has to be affected when payments towards freight are made to Transporters (Circular : No. 715, dated 8-8-1995).
There is no requirement to affect TDS when freight payment is made to Supplier, irrespective of whether Supplier includes both cost of goods and freight in one consolidated bill or raises two seperate bills for cost of goods and freight
Supplier has claimed freight charges from Buyer. So it is imperative that freight payment to Transport Contractor is made by Supplier. So obligation to affect TDS rests on the Supplier and not Buyer.
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