If a goods transport agency hires vehicles from the market, TDS is applicable if their total operation, including hired vehicles, exceeds 10. The ownership of the vehicles is not the deciding factor for TDS applicability. It's crucial to deduct TDS in such scenarios to prevent future liabilities.
24 May 2022
GOODS TRANSPORT AGENCY HAVE LESS THAN 10 VEHICLE BUT THEY ALSO HIRE VEHICLE FORM MARKET. THEY GIVE DECLARATION FOR NON DEDUCTION OF TDS AS THEY HAVE LESS THAN 10 VEHICLE. IN THAT CASE TDS IS DEDUCTABLE OR NOT?