Tds on freight
This query is : Resolved
23 May 2013
I have paid a freght of RS 260764/- by cheque . Transporter has provided me the pan card details, i checked the validity of the pan it is a valid pan. But i have not deducted any tds. Am i liable to deduct the tds? i am confused...as the p rovision was if the transporter provides the pan detials the tds need not be deducted...but theere exists the thress limit of 30000/- for single payment and 75000/- the the per annum payment...what to do?
23 May 2013
No deduction is required to be made...since, section 194C(6) is specific regarding non-deduction of TDS when transporter furnishes PAN.
No monetary limit is there for the transporters.....
No monetary limit is there for the transporters.....
23 May 2013
Nil tds on transportation
and it is mandatory to provide details in tds return
https://www.caclubindia.com/articles/inclusion-of-transporters-details-in-tds-returns-are-mandatory-17543.asp
and it is mandatory to provide details in tds return
https://www.caclubindia.com/articles/inclusion-of-transporters-details-in-tds-returns-are-mandatory-17543.asp
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