Tds on freight
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 January 2017
Kindly clarify whether TDS on freight charges is to be made, if so any exemption limit available?
Mithun Agarwal
(Expert)
05 January 2017
Section 194C 1% in case the payee is an Individual or a Hindu Undivided Family. 2% in case of other payees (i.e. partnership firm, company, trust, body of individuals or association of persons).
if such payment exceeds Rs. 30,000 per contract or aggregate of such payments of contracts in a financial year exceeds Rs. 75,000.
if such payment exceeds Rs. 30,000 per contract or aggregate of such payments of contracts in a financial year exceeds Rs. 75,000.
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