Tds on transport payment.
This query is : Resolved
26 July 2011
We are doing building material business. In this continuation we are hiring the vehicles for materials delivery. Our freight range will be Rs.100/- to Rs.15000/- As per the recent amendment in Sec194C if transporters provide PAN does not required to deduct TDS.
Q1. If we pay Rs.15000/- (aggregating) per annum tds to be deducted or not if transporters does not provide PAN?
Whether Slab rate of Rs.30000/75000 will be applicable to freight payment since it is comes under 194C.
Q1. If we pay Rs.15000/- (aggregating) per annum tds to be deducted or not if transporters does not provide PAN?
Whether Slab rate of Rs.30000/75000 will be applicable to freight payment since it is comes under 194C.
26 July 2011
A transporter is first a contractor and after that he is a transporter.
In my view, TDS liability arises only when the limits are exceeded by a particular transporter.
In my view, TDS liability arises only when the limits are exceeded by a particular transporter.
29 July 2011
Thanks for your valuable suggestion.
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
- House Property Reporting in ITR
- TDS Claim year
- Relief u/s Section 89
- Rent lease agreement
- TDS Challan Code
- Merchant Export Accounting
- Supply through E-commerce Operators
- STCG on ETF gold & silver
- If there is Long term capital gain exists how much total income to be considered
- Lease agreement and tax on sale
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
