This discussion clarifies whether an individual needs to deduct Tax Deducted at Source (TDS) on payments made to private limited packers and movers companies for household goods transportation. Generally, TDS is only applicable if the individual is subject to a tax audit. If a tax audit is not applicable and the individual does not have a Tax Deduction and Collection Account Number (TAN), then TDS deduction is not required, even if the payment includes charges for packing, insurance, and valuation.
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