Tds

This query is : Resolved

praful (Querist)
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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 ?

CA MANOJ GUPTA

CA MANOJ GUPTA (Expert)
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11 October 2011 no its part of purchase price no TDS

CA MANOJ GUPTA
JODHPUR
09828510543

sharma.ctc@gmail.com

sharma.ctc@gmail.com (Expert)
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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.

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praful

praful (Querist)
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11 October 2011 BUT FOR NIL TDS PROVISION IS APPLICABLE ONLY TO TRANSPORTER ?

Pravin Jadhav

Pravin Jadhav (Expert)
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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%

sharma.ctc@gmail.com

sharma.ctc@gmail.com (Expert)
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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..