Tds deduction on transportation
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 April 2016
Resp. Sir,
Can TDS to be deducted in following cases:
1. Aggregate Transaction in a Finance Year not Crossing Rs. 75000 but Transporter
owns more than 10 Vehicles.
2. Aggregate Transaction in a Finance Year Crossed Rs. 75000 but Transporter owns Less
than 10 Vehicles (NOT GIVEN DECELERATION ON HIS LETTER HEAD STATING
THAT HE OWNS LESS THAN 10 VEHICLES & NOT TO DEDUCT TDS U/S 194C)
Please advise.
Thanking you.
Regards
Read more at: https://www.caclubindia.com/experts/ask_query.asp
Can TDS to be deducted in following cases:
1. Aggregate Transaction in a Finance Year not Crossing Rs. 75000 but Transporter
owns more than 10 Vehicles.
2. Aggregate Transaction in a Finance Year Crossed Rs. 75000 but Transporter owns Less
than 10 Vehicles (NOT GIVEN DECELERATION ON HIS LETTER HEAD STATING
THAT HE OWNS LESS THAN 10 VEHICLES & NOT TO DEDUCT TDS U/S 194C)
Please advise.
Thanking you.
Regards
Read more at: https://www.caclubindia.com/experts/ask_query.asp
CA R SEETHARAMAN
(Expert)
16 April 2016
1 TDS not applicable as threshold not crossed.
2 TDS applicable as declaration not given.
2 TDS applicable as declaration not given.
16 April 2016
Thank you sir,
In 2 case as deceleration issue
Message likes :
1 times
16 April 2016
Sorry in 2nd case as deceleration not give TDS @ what rate it is to be deducted ?
CA R SEETHARAMAN
(Expert)
16 April 2016
Deduct 2% u/s 194C.........
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