TDS on payment of Transportation
This query is : Resolved
13 April 2008
what is the rate and limit of TDS on payment of Transportation charges
14 April 2008
UNDER SEC 194 C IT IS TDS @2% FOR A TRANSPORT CONTRACTOR OR 1% FOR TRANSPORT SUB CONTRACTOR .
10% SURCHARE IS APPLICABLE FOR PAYMENTS ABOVE RS. TEN LAKHS .
EDUCATION CESS @3% ON TOTAL TAX.
LIMIT FOR TDS IS RS. 20000/ FOR A SINGLE SUM CREDITED OR PAID .
OR AGGREGATE OF RS. 50000/DURING THE FINANCIAL YEAR.
R.V.RAO
10% SURCHARE IS APPLICABLE FOR PAYMENTS ABOVE RS. TEN LAKHS .
EDUCATION CESS @3% ON TOTAL TAX.
LIMIT FOR TDS IS RS. 20000/ FOR A SINGLE SUM CREDITED OR PAID .
OR AGGREGATE OF RS. 50000/DURING THE FINANCIAL YEAR.
R.V.RAO
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