TDS on transport payment
This query is : Resolved
Varsha Jain
(Querist)
23 January 2008
DEAR ALL,
Mr.A purchase goods from Mr.B.Mr.B makes transport payment to transporter.WHAT ABOUT TDS LIABILITY on Mr.A who reimburses the amount to Mr.B.Mr.A will claim this exp in his P&l A/C (will this frieght be disallowed on a/c of non deduction of TDS) Will it make any difference if the frieght amount is inclusive in the bill.
Mr.A purchase goods from Mr.B.Mr.B makes transport payment to transporter.WHAT ABOUT TDS LIABILITY on Mr.A who reimburses the amount to Mr.B.Mr.A will claim this exp in his P&l A/C (will this frieght be disallowed on a/c of non deduction of TDS) Will it make any difference if the frieght amount is inclusive in the bill.
S.Srinivasaraghavan
(Expert)
23 January 2008
This is a repeat question
23 January 2008
IF IT IS A COST INSURANCE FREIGHT CONTRACT(CIF) SALE, TDS IS NO ISSUE.
OTHERWISE THE PAYER OF ACTUAL FREIGHT TO TRANSPORTER HAS TO DEDUCT TDS.
R.V.RAO
OTHERWISE THE PAYER OF ACTUAL FREIGHT TO TRANSPORTER HAS TO DEDUCT TDS.
R.V.RAO
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
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
