tds on lorry frieght
This query is : Resolved
16 July 2009
we have to pay lorry frieght above 50000
we have to deduct tds on lorry frieght? as parties has no pan no.and no bank account
also they accept only cash and not cheque.
please advice
we have to deduct tds on lorry frieght? as parties has no pan no.and no bank account
also they accept only cash and not cheque.
please advice
16 July 2009
hello!
in income tax it is responsibility of payer to deduct TDS and there is no cluase with exception that if payee has no pan no. then deductor is not required to deduct tds and he has nothing to do with PAN no. of payee so u have to deduct TDS but make sure that payment shpuld be made in instalments so that expenses can not be hitted u/s section 40A(3).
it is payee's concern to claim TDs in his return.
in income tax it is responsibility of payer to deduct TDS and there is no cluase with exception that if payee has no pan no. then deductor is not required to deduct tds and he has nothing to do with PAN no. of payee so u have to deduct TDS but make sure that payment shpuld be made in instalments so that expenses can not be hitted u/s section 40A(3).
it is payee's concern to claim TDs in his return.
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
- ITDS U/S.194T of Firm
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Difference between Date of Payment and Date of Deduction?
- Non-Compliance documents have not been submitted by the contractors debited
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- EXPORT COMMERCIAL INVOICE HSN CODE
- FCRA 6 E- Intimation
- Bank details not Visible on Traces Portal
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
