Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 February 2014
IS TDS IS APPLICABLE ON PAYMENT MADE TO TRANSPORT CO. AND IF YES UNDER WHICH SECTION..??
13 February 2014
No TDS is not applicable if Transporters provides PAN number. If PAN is not provided then TDS @ 20% should be deducted.
Logic behind is that there is no contract between Transporter and buyer, he is just delivering the goods on behalf of seller for fixed amount.
Logic behind is that there is no contract between Transporter and buyer, he is just delivering the goods on behalf of seller for fixed amount.
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