Tds on transporter
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 July 2015
As we aware that TDS on transporter w.e.f. 01-06-2015 has been applicable, if suppose we already received single invoice of transporter amounting Rs.50,000/- in the month April-15 & also paid such amount in the month of April-15. & no further transaction is expected in this financial year.
In this case, Is TDS (194C) should be applicable to transaction (as amount is greater than 30,000/-)? , but transaction done before Apr-2015. Kindly suggest.
In this case, Is TDS (194C) should be applicable to transaction (as amount is greater than 30,000/-)? , but transaction done before Apr-2015. Kindly suggest.
28 July 2015
This is fine.
The date of applicability is 01st July 2015.
But if any further payment comes, then you will have to deduct TDS.
The date of applicability is 01st July 2015.
But if any further payment comes, then you will have to deduct TDS.
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