TDS on transportation in purchase bill
This query is : Resolved
24 January 2009
my company is mfg company so at the time of purchase they charge us tranportation charges if transportation charges exceeds the limit then we can deduct tds on tranportation chargea as per 194 C
is tranportation charges & forwarding charges are same
is tranportation charges & forwarding charges are same
24 January 2009
If Its Added in Bill its Your Purchase Cost. He is Paying Cartage to Transporter he will liable to pay TDS.
24 January 2009
It is come under sub-contract TDS to be deducted @ 1.03% on transport amount it the limit is exceed.
24 January 2009
Payments to Transport Contractors are subject to TDS.
Payments to Supplier whether be for their raw materials cost or labour cost or overheads cost or transport cost are not subject to TDS
Whoever pays to Transport Contractors are liable for TDS, if prescribed limits are exceeded
So I agree with Sri Singh
Payments to Supplier whether be for their raw materials cost or labour cost or overheads cost or transport cost are not subject to TDS
Whoever pays to Transport Contractors are liable for TDS, if prescribed limits are exceeded
So I agree with Sri Singh
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