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TDS

This query is : Resolved 

04 February 2009 We are paying courier charges by cash on daily basis and total amount exceeds Rs 50000/= in FY.Should we deduct TDS u/s 194C?because it is not practicable to cut TDS on daily basis.Due to admin reasons the party is not willing to give monthly billing.How to resolve this issue?




04 February 2009 Hi,
i would suggest you a practical solution for your problem.
prepare in a excel sheet monthly the details and get it signed from the Courier service. and u make payment only on monthly basis. while making payment you can deduct the TDS as applicable, i.e., rate is 2%.
In the excel jus few columns are needed, i) date , 2) courier slip no. and 3) amount
HOPE THIS WUD HELP YOU...


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