Tds on transporter
This query is : Resolved
24 October 2016
I have paid an Amt. 12500/- a single payment during the year 2016-17 to a transporter who have or don't have more than 10 vehicles I don't know. But this is a single payment. It is not expected that during the year I would pay him or require to pay him further. This is single transaction. Is TDS applicable here.
I believe that I should deduct TDS of Transporter only if that transporter is owning more than 10 vehicles & that during the year I have paid that transporter or payable to that transporter, more that Rs. 70000/- or a single payment of Rs. 35000/-.
Pls guide.
I believe that I should deduct TDS of Transporter only if that transporter is owning more than 10 vehicles & that during the year I have paid that transporter or payable to that transporter, more that Rs. 70000/- or a single payment of Rs. 35000/-.
Pls guide.
Message likes :
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24 October 2016
No need of TDS as the amount paid is within the threshold, you rightly observed.
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