TDS ON GOODS TRANSPORT AGENCY WHO HIRE VEHICLE FORM MARKET


This query is : Resolved 

Quick Summary
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?


25 May 2022 In that case TDS is applicable as they operate more than 10 vehicles.

25 May 2022 Yes, TDS will be applicable because they operate more than ten vehicles. Ownership of the car will not play much importance.

25 May 2022 Deduct TDS and avoid your future burden of any liability.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
ARTICLESHIP 28 July 2026
Article/Intern/Semi-Qualified/Fresher B.Com

VNSS & Co

Mumbai

Others

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

Sahil Agarwal & Company

Mumbai

CA Inter

View Details
Company
13 July 2026
AVP / VP - PCG Advisory

Workforce Connect

Mumbai

MBA

View Details
Company
Featured 02 August 2026
Accounts Executive

Aashok F&C Advisory

Guwahati

CA

View Details
Company
11 July 2026
CA semi qualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
16 July 2026
Manager - Finance & Accounts

Aliens Group

Hyderabad

CA Final

View Details
Company
22 July 2026
Senior Chartered Accountant

SKSS

Patna

CA

View Details
Follow