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.


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