Tds on Packers and Movers
This query is : Open
Quick Summary
02 May 2022
One of my clients is a individual who is paying a good amount towards of transportation of household goods. I want to whether he needs to deduct tds on amount payable to Packers and movers ( who isPvt Ltd co).
He doesn't have TAN no .
Request you to throw light on above with respective provision
He doesn't have TAN no .
Request you to throw light on above with respective provision
CA R SEETHARAMAN
(Expert)
03 May 2022
He has to deduct TDS only when he is subject to tax audit.
06 May 2022
the service also includes insurance and valuation charges and also packing charges.
CA R SEETHARAMAN
(Expert)
06 May 2022
Deduct TDS on total amount including all charges.
06 May 2022
what will be the section applicable.?
As i earlier mentioned that he does not have TAN No?
Also Tax Audit is not applicable to him
As i earlier mentioned that he does not have TAN No?
Also Tax Audit is not applicable to him
CA R SEETHARAMAN
(Expert)
06 May 2022
In such a case no need for any TDS.
07 May 2022
Dear Sir
Here the section applicable will be 194M under "Work" category i.e. Carriage of goods or passenger other than by Railways.
Here the section applicable will be 194M under "Work" category i.e. Carriage of goods or passenger other than by Railways.
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