Tds on greens transport
This query is : Resolved
10 June 2015
Dear Experts,
We are an 100% EOU. Greens Buying from Farmers. From Farmer Place to manufacturing Place we Pay Transportation Charges. on that TDS is Applicable as per TDS New Amendment.
Please help me Urgent.
We are an 100% EOU. Greens Buying from Farmers. From Farmer Place to manufacturing Place we Pay Transportation Charges. on that TDS is Applicable as per TDS New Amendment.
Please help me Urgent.
14 June 2015
Payments to transporters attract Section 194C. Earlier if transporter provided their PAN, TDS was not required to be deducted.
Now there is an amendment in the provisions of section 194C of the Act to expressly provide that the relaxation from non-deduction of tax shall only be applicable to the payment in the nature of transport charges (whether paid by a person engaged in the business of transport or otherwise) made to an contractor who is engaged in the business of transport i.e. plying, hiring or leasing goods carriage and who is eligible to compute income as per the provisions of section 44AE of the Act (i.e. a person who is not owning more than 10 goods carriage at any time during the previous year) and who has also furnished a declaration to this effect along with his PAN.
This amendment is applicable from June 1, 2015.
Now there is an amendment in the provisions of section 194C of the Act to expressly provide that the relaxation from non-deduction of tax shall only be applicable to the payment in the nature of transport charges (whether paid by a person engaged in the business of transport or otherwise) made to an contractor who is engaged in the business of transport i.e. plying, hiring or leasing goods carriage and who is eligible to compute income as per the provisions of section 44AE of the Act (i.e. a person who is not owning more than 10 goods carriage at any time during the previous year) and who has also furnished a declaration to this effect along with his PAN.
This amendment is applicable from June 1, 2015.
23 June 2015
Dear All,
1) Transporter has given declaration He has not having More than 10 Trucks, but he mentioned in declaration we are Hiring the Vehicle from others and not Deduct TDS.
This is Valid or Not?
2) If it is Okey then what we will to Shown in E-tds return as……
Please advise me.
- See more at: http://taxguru.in/income-tax/tds-deductible-payment-transporters-owing-10-goods-carriage.html#sthash.U8AJI9xY.dpuf
1) Transporter has given declaration He has not having More than 10 Trucks, but he mentioned in declaration we are Hiring the Vehicle from others and not Deduct TDS.
This is Valid or Not?
2) If it is Okey then what we will to Shown in E-tds return as……
Please advise me.
- See more at: http://taxguru.in/income-tax/tds-deductible-payment-transporters-owing-10-goods-carriage.html#sthash.U8AJI9xY.dpuf
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Regarding appeal to GSTAT
- Multiple trade mark
- Value of property in capital gain
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- LC charges in relation to Asset purchased should be Capitalised ?
- Regarding TDS Applicability For Director Remuneration
- Transporter Declaration form
- Copyright software
- Taxation on Swing Trading Income (No Other Income)
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
