Tds on invoice of courier company
This query is : Resolved
dheeraj kumar
(Querist)
22 December 2012
DEAR SIR
IN OUR COMPANY WE USUALLY RECEIVE INVOICES FROM COURIER WHO DELIVER OUR COURIERS TO VARIOUS PARTS OF THE COUNTRY
PL TELL WHETHER WE ARE BOUND TO DEDUCT TDS ON THESE BILLS
I HAVE HEARD THAT NO TDS NEEDS TO BE DEDUCTED ON TRANSPORTERS IF THEY PROVIDE PAN
WHETHER SAME RULE APPLIES TO COURIER COMPANY PL CONFIRM TDS APPLICABILITY
REGARDS
DHEERAJ
IN OUR COMPANY WE USUALLY RECEIVE INVOICES FROM COURIER WHO DELIVER OUR COURIERS TO VARIOUS PARTS OF THE COUNTRY
PL TELL WHETHER WE ARE BOUND TO DEDUCT TDS ON THESE BILLS
I HAVE HEARD THAT NO TDS NEEDS TO BE DEDUCTED ON TRANSPORTERS IF THEY PROVIDE PAN
WHETHER SAME RULE APPLIES TO COURIER COMPANY PL CONFIRM TDS APPLICABILITY
REGARDS
DHEERAJ
CA. VIKAS GUPTA
(Expert)
22 December 2012
Hi,
I dont think that TDS can be avoided on the basis of provisions of transporter since the exemption is applicable only for persons who are engaged in the business of transport of goods or pasengers but the courier agency is not engaged in this kind of business hence TDS should be deducted from courier agency u/s 194C
thnx
I dont think that TDS can be avoided on the basis of provisions of transporter since the exemption is applicable only for persons who are engaged in the business of transport of goods or pasengers but the courier agency is not engaged in this kind of business hence TDS should be deducted from courier agency u/s 194C
thnx
Pankaj Gupta
(Expert)
22 December 2012
Tds should be deducted under section 194c. Courier business is very different from transport business.
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