Tds
This query is : Resolved
11 December 2016
as per section 194C TDS is deducted on transportation charges paid to driver of where threeshold exemption limit 30000 for single transaction and 100000 for accumulated transaction (earlier 70000). if transoporter gives a declaration to deductor with his pan card that he does not own more than 10 goods carriage then there is no need to deduct TDS. Supplier sent a consignment note with driver that receive the goods and pay freight
but my client does not deduct TDS some time they debit the supplier for freight charges and some time debit '"inward frieght charges" but does't deduct TDS.......... is it ok ...........?
but my client does not deduct TDS some time they debit the supplier for freight charges and some time debit '"inward frieght charges" but does't deduct TDS.......... is it ok ...........?
12 December 2016
As you mentioned transactions is within the am bit Sec 194C, or if declarations taken for not owning more than ten goods carriage with PAN number No need to deduct TDS. But transactions to be shown in TDS return
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Rent lease agreement
- Relief u/s Section 89
- Nomination of Bank for refund in itr 2
- E way bill for tractors
- SGST balance is there in credit ledger how to adjust for cgst
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
