Tds on air freight
This query is : Resolved
26 September 2013
I have a query regarding practical implementaion of Sec 194 C A co. engaged in the business of pathology sends its blood samples to Mumbai via flight on daily basis and daily billing ranges b/w 400-7500 apprx that too on payment of cargo charges on daily cash basis though the aggregate payment in the preceeding F/Y amounts to more than 9,00,000. Now My Q is Is the co. liable to deduct TDS? and if it is so then how can co. practically deduct TDS as it pays on counter and books it cargo...
Plzz help
Plzz help
28 September 2013
terms of arrangement will matter. if there is any agreement between them then it is contract and shall deduct tds earlier of credit or payment.
28 September 2013
NO sir there is no such agreement...
29 September 2013
TDS is not applicable....
06 October 2013
This is not a contract but it is an arrangement on understanding so no TDS
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
