Tds on air freight
This query is : Resolved
CA Apoorva Gaurav
(Querist)
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
CA VISHNU GAVKARE
(Expert)
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.
CA Apoorva Gaurav
(Querist)
28 September 2013
NO sir there is no such agreement...
CA VISHNU GAVKARE
(Expert)
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
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