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
13 April 2008
What is the applicability of surcharge on payment of TDS?
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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