Tds on freight inward
This query is : Resolved
22 October 2013
No. If PAN Provided by Transporter TDS not required to be deducted.
CA Pallav Singhania
(Expert)
22 October 2013
If you can get the PAN of the transporters then there is no need to deduct TDS on freight inwards.
CA Pallav Singhania
(Expert)
22 October 2013
Otherwise,
Payments to resident contractors (section 194C). If any contract value exceeds Rs 30,000 or Rs. 75,000 in the aggregate during the financial year, you must deduct TDS at 2.06% of the payment if payment to contractor (for contracts other than advertising contracts)
Payments to resident contractors (section 194C). If any contract value exceeds Rs 30,000 or Rs. 75,000 in the aggregate during the financial year, you must deduct TDS at 2.06% of the payment if payment to contractor (for contracts other than advertising contracts)
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