TDS on Air Freight & Shipping Freight

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khyati (Querist)
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03 November 2009 Hi,

I am working in a manufacturing & exporting pesticides. Pl let me have a clear idea about TDS to be deducted on Air freight and shipping freight as per new budget 2009.

Even i don't have to deduct tds on all road transporters of whose i m having pan nos.?

There is no surcharge to be levied on any tds??

Jinesh Bansal

Jinesh Bansal (Expert)
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05 November 2009 Under new budget, we are not liable to deduct tds on raod transport.

TDS on air frieght is deductible @ 2% or 1% accordingly. Surcharge and cess not deductible.

GSTP Hari Dhayalan Konar

GSTP Hari Dhayalan Konar (Expert)
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06 November 2009 dear jinesh,

agree with your point, there is no tds on road transporters.

but tds on air freight or shipping freight will be deductable by 2% or 1% alongwith cess 3%. In recent budget, surcharge only withdrawn. Cess on TDS is continuing.

please check and advice me if anything wrong by me.

thanks

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