Tds on freight
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 January 2012
Dear sir/madam,
i have recd a purchase machine(fixed asset)bill i.e-456715 which is including 10000 freight amt.pls suggest can i deduct tds while i paying...pan no also obted in invoice....
i have recd a purchase machine(fixed asset)bill i.e-456715 which is including 10000 freight amt.pls suggest can i deduct tds while i paying...pan no also obted in invoice....
12 January 2012
There is no need to deduct TDS from the payment of freight provided you have obtained the PAN number of the recipient. Although in your case PAN card is also not required to be obtained since the threshold limit of deduction is not reached.
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