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Tds on courier agencies

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This query is : Resolved

Anoop Bansal (Querist)
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20 April 2019 There are many bills every month of payment to many courier agencies and all the payments are made without deduction of TDS. Whether TDS will need to be deducted.

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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21 April 2019 TDS applicable u/s 194C if threshold limit exceeds If the total payment or credit amount given to the contractor by the payer is found to be more than Rs 1,00,000 in the financial year (tough the individual payment is less than Rs 30,000), then the payer will have to ensure that deduction of TDS takes place from the total payment amount.
Payment to contractors / sub-contractors (Section 194C)2% for payments made to contractors who are not HUFs/individuals and 1% for payments made to contractors/sub-contractors who are HUFs/individuals

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