Are the payments made by logistics company for the following is subject to TDS? Payments to: 1.Airlines 2.CFS 3.Duty 4.Freight Forwarder 5.Shipping-Liner 6.Transport
Which one of the above is subject to TDS? Kindly provide the section also.
06 June 2012
Transport - Exempted by Sec.194c(6) No deduction shall be made from any sum credited or paid or likely to be credited or paid during the previous year to the account of a contractor during the course of business of plying, hiring or leasing goods carriages, on furnishing of his Permanent Account Number, to the person paying or crediting such sum.
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