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Tds on freight query- revised

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 October 2011 COMPANY HAS PAID FREIGHT FOR DIFERRENT CONTRACTS ON DIFFERENT OCCASION TO THE SAME TRUCK OWNER. PAYMENTS MADE AS FOLLOWS:-
ON 01.04.2011 18000/-
ON 25.05.2011 18000/-
ON 30.08.2011 14000/-
ON 31.12.2011 18000/-
ON 31.03.2012 12000/-
WHEN TDS IS TO BE DEDUCTED? ON WHAT AMOUNT? TRUCK OWNER DOES NOT HAVE PAN!!
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CA RICHA BADALIA

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CA RICHA BADALIA (Expert)
14 October 2011 TDS will be deducted on 31.03.2012 on RS.80000/-
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Querist : Anonymous

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Querist : Anonymous (Querist)
14 October 2011 WHY?
WHY NOT ONLY ON 12000/-?
PLS DISCUSS WITH PROVISIONS.
THANKS!
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CA RICHA BADALIA

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CA RICHA BADALIA (Expert)
14 October 2011 Because once it crosses the limit of RS.75000 p.a TDS will be charged on entire value.
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ACMA Obulirajan R

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ACMA Obulirajan R (Expert)
14 October 2011 Yes TDS will be deducted @ 20% (No PAN) on 31.03.2012 for the entire amount Rs.80000 as the total agregate payment crossed Rs.75000 limit.
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Jitender

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Jitender (Expert)
14 October 2011 tds will be deducte on entire payment of 80000 @ 20% as he is not having PAN
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