Tds

This query is : Resolved

CA DHEERAJ (Querist)
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10 December 2013 ONE OF MY CLIENT RECD. TRANSPORT BILL WHICH INCLUDE

FREIGHT 5000
CARTAGE 2400
CESS TAX 3800
TOTAL 11200

TRANSPORTER NOT FURNISH PAN SO I WANT TO DEDUCT TDS @ 20 % BUT WHICH AMOUNT ?

GIVE ME REPLY ITS URGENT, WITH CLEARIFICATION

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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10 December 2013 You can wait sir, until Rs. 75000/ limit. Please refer Section 194C.
.
TDS is required to be deducted on entire bill.
.

CA DHEERAJ

CA DHEERAJ (Querist)
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11 December 2013 I AGREE WITH YOU SIR, LIMIT IS 30000/75000, BUT HERE LIMIT IS IGNORED, BECAUSE I WANT TO KNOW ONLY IN WHICH AMOUNT I DEDUCT TDS, FULL BILL AMOUNT OR FREIGHT AMOUNT ONLY BECAUSE IN BILL INCLUDE CESS TAX ALSO, SO MY QUESTION IS TDS IS DEDUCT ON CESS TAX ALSO, AND MY OTHER QUERY IS SIR I WANT TO FURNISH DETAILS IN TDS RETURN OF TRANSPORTER BILL WHOSE FURNISH PAN COPY, THEN WHICH AMOUNT SHOW, FREIGHT BILL OR WHOLE BILL

PLZ URGENT

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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11 December 2013 It will be deducted on gross amount only as in section there is no restirction on amount as compared to sec 194-I where service tax is specifically excluded but this is not the case in sec 194C.

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