28 July 2008
Suppose there is a XYZ logistic co. It have been hired by PQR Co. for custom Clearence and delivery to its destination in Bombay. XYZ Co. hired a transporater MN Roadways for transporting the goods to Bombay. The cost incurred by the co. is Rs. 40000( for transportation) Rs. 500(Misc exp.) and its income Rs. 5000(Assume). Total bill of RS. 45500 is sent to the PQR & Co. for reimbursment. Who is Liable to deduct tds? If the tds is not dedcuted by both the party on the transportation expense than who will be liable for that. Note: the expenses incurred by the logistic co. is Booked under JOB cost. and the same is reimbursable expense.