Tds on freight charges paid by me
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 May 2014
I am engaged in supplying grocery items to army in wholesale. I have to pay carrying charges to trucks for the same. Whether TDS should be deducted from freight paid by me to the truck owners ?
Deepti Asawa
(Expert)
23 May 2014
TDS is not deducted on frieght charges if PAN is available, however in case of non-availability of PAN, then TDS @ 20% will be deducted.
CA.Sourabh Sethia
(Expert)
23 May 2014
agree with the expert.
In case of Transporter - TDS is not required if valid PAN is available
otherwise deduct @20%
In case of Transporter - TDS is not required if valid PAN is available
otherwise deduct @20%
Ganeshbabu K
(Expert)
06 June 2014
Yes as per 194C(6) No TDS applicable if transporter has provided valid PAN number.
.
.
But vide Ammended income tax rule 31A it is mandatory on part of deductor to provide details of transporter in TDS return
.
.
to know more please refer article
.
https://www.caclubindia.com/articles/inclusion-of-transporters-details-in-tds-returns-are-mandatory-17543.asp#.U5GNEPQW11Y
.
.
But vide Ammended income tax rule 31A it is mandatory on part of deductor to provide details of transporter in TDS return
.
.
to know more please refer article
.
https://www.caclubindia.com/articles/inclusion-of-transporters-details-in-tds-returns-are-mandatory-17543.asp#.U5GNEPQW11Y
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