TDS on transportation charges.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 March 2010
I am working in a construction company. where we can use the the service of transporters to deliver sand and other items. what is the nature of tds and what is the % to be deductible.
18 March 2010
TDS Rates Effective from 01.10.2009
1)Payment to Contractors/Sub Contractors in Transport Business (If PAN is quoted)No TDS to be deducted.
2)Payment to Contractors/Sub Contractors in Transport Business (If PAN is not quoted)Individual & HUF 1% others 2%.
Note: From 01.01.2010 if PAN not quoted TDS 20%
1)Payment to Contractors/Sub Contractors in Transport Business (If PAN is quoted)No TDS to be deducted.
2)Payment to Contractors/Sub Contractors in Transport Business (If PAN is not quoted)Individual & HUF 1% others 2%.
Note: From 01.01.2010 if PAN not quoted TDS 20%
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18 March 2010
Agreed
18 March 2010
Please check I think this no TDS is only for the small contractor/sub contractor having only 2 trucks and they mentions the PAN no.
18 March 2010
no tds is for all transport operators w.e.f. 1/10/2009.
Payment to Contractors/Sub Contractors in Transport Business If PAN is not quoted Individual & HUF 1% others 2% up to 31/3/2010
Note: From 01.04.2010 if PAN not quoted TDS rate is 20%
Payment to Contractors/Sub Contractors in Transport Business If PAN is not quoted Individual & HUF 1% others 2% up to 31/3/2010
Note: From 01.04.2010 if PAN not quoted TDS rate is 20%
18 March 2010
agreed.
18 March 2010
agreed
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