Tds on payment to transporters
This query is : Resolved
02 June 2015
As per the new amendment TDS is to be deducted on payment to Transporters under 194C. Earlier If PAN is furnished no TDS deduction was to be done. My query is
Whether TDS on payment to Transporters for export of goods is also be deducted?
Whether TDS on payment to Transporters for export of goods is also be deducted?
02 June 2015
Yup, its applicable on export of goods also.
Message likes :
1 times
03 June 2015
earlier there was no TDS deduction, if PAN is furnished.
Now w.e.f. 01/06/2015 TDS on Transporters is to be deducted.
Earlier also there was no specific provision which exempted the TDS deduction on expenses for Export of good. Transporters were exempt by notification which says that " No TDs if PAN is Submitted", however the same has been withdrawn.
So what comes out is TDS is to be deducted on all expenses done for export of goods (including Transportation) provided expenses exceeds the respective limits.
Now w.e.f. 01/06/2015 TDS on Transporters is to be deducted.
Earlier also there was no specific provision which exempted the TDS deduction on expenses for Export of good. Transporters were exempt by notification which says that " No TDs if PAN is Submitted", however the same has been withdrawn.
So what comes out is TDS is to be deducted on all expenses done for export of goods (including Transportation) provided expenses exceeds the respective limits.
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
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Copyright software
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- FORM 26A APPLICABILITY
- Multiple trade mark
- Transporter Declaration form
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
