Tds on freight
This query is : Resolved
07 May 2014
RESPECTED SIR / MADAME
I JUST WANT YOU TO CLEAR MY FOLLOWING QUERIES ON TDS
1. UNDER WHAT CIRCUMSTANCES TDS IS TO BE DEDUCTED ON FREIGHT.
2. WHAT WILL BE ITS TREATMENT IF FREIGHT IS PAID IN CASH EITHER LESS THAN 20000/- (PER DAY) OR MORE THAN 20,000/- WHETHER TDS IS DEDUCTED IF PAYMENT IS MADE IN CASH ??
THANKS
I JUST WANT YOU TO CLEAR MY FOLLOWING QUERIES ON TDS
1. UNDER WHAT CIRCUMSTANCES TDS IS TO BE DEDUCTED ON FREIGHT.
2. WHAT WILL BE ITS TREATMENT IF FREIGHT IS PAID IN CASH EITHER LESS THAN 20000/- (PER DAY) OR MORE THAN 20,000/- WHETHER TDS IS DEDUCTED IF PAYMENT IS MADE IN CASH ??
THANKS
08 May 2014
TDS is not deducted on freight charges if PAN is available, however in case of non-availability of PAN, then TDS @ 20% will be deducted.
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