Tds
This query is : Resolved
10 October 2011
WE HAVE PURCHASED RAW MATERIAL AND PARTY IN CHARGING TRASPORT CHARGES SEPRATLY IN BILL IFSELF, WHETHER WE HAVE TO DEDUCT TDS ON TRANSPORT CHARGES ?
11 October 2011
no its part of purchase price no TDS
CA MANOJ GUPTA
JODHPUR
09828510543
CA MANOJ GUPTA
JODHPUR
09828510543
11 October 2011
Yes its a part of your purchase price... (but as it has been shown separately it can be deemed as transportation charges and will attract TDS (if any))
But currently, there is NIl TDS in case of transportation charges (who have valid PAN)
I hope your supplier must be a registered firm.
But currently, there is NIl TDS in case of transportation charges (who have valid PAN)
I hope your supplier must be a registered firm.
Message likes :
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11 October 2011
BUT FOR NIL TDS PROVISION IS APPLICABLE ONLY TO TRANSPORTER ?
11 October 2011
make shure the particular vendor is registred under transport services & having pan No., If Yes, then there is no need to deduct TDS, if he has not registred or not having pan no. then you have to deduct TDS.
If pan no. not having tds will be charged @ 20%
If pan no. not having tds will be charged @ 20%
11 October 2011
Dear Pravin JI,
Please correct if I am wrong...
I dont think he has to check that the supplier is registered under transport service or not..
Praful.... Yes... NIL TDS PROVISION IS APPLICABLE ONLY TO TRANSPORTER who has valid PAN..
Please correct if I am wrong...
I dont think he has to check that the supplier is registered under transport service or not..
Praful.... Yes... NIL TDS PROVISION IS APPLICABLE ONLY TO TRANSPORTER who has valid PAN..
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