TDS on logistics

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This discussion clarifies that TDS for logistics companies falls under Section 194C, relating to payments to contractors and sub-contractors. It addresses a common point of confusion regarding the section number (94C vs 194C) and confirms that the correct section is 194C, with a tax deduction rate of 2%. The NSDL-TIN website's display of '94C' on challans is explained as an omission of the '1', meaning it still refers to the correct 194C remittance.

PARVATHY R

PARVATHY R (Querist)

05 May 2022 TDS deducted for logistics company comes under which (Section) nature of payment?
What is the difference between section 94c and 194c under TDS?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

05 May 2022 TDS for logistics applicable under section 194c 2% tax deductible.
94C, it's 194C only 1 is missing.

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PARVATHY R

PARVATHY R (Querist)

05 May 2022 Thank you Sir. NSDL-TIN website
When I login to the above website for e-payment of TDS Nature of payment shows only 94C - Payment of contractors and sub-contractors, What should be done for TDS on logistics 194C

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

05 May 2022 In the challan 1 is omitted, hence it's 194C remittance only.

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PARVATHY R

PARVATHY R (Querist)

05 May 2022 Thank you sir for your reply

PARVATHY R

PARVATHY R (Querist)

05 May 2022 Thank you sir for your reply

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)