TDS Query

This query is : Resolved

farook (Querist)
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20 February 2020 Dear Expert,

Loading and Unloading charges we paid above 50000 through bank whether we have to deduct TDS or not ?

And please if tds for Loading and unloading charges let me know the percentage

Kindly help us to resolve the issue

Amol S Joglekar

Amol S Joglekar (Expert)
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20 February 2020 section 194C is applicable. You need to deduct 1% or 2% as the case may be subject to the conditions set out in the said section.

Spurto Consultancy Services

Spurto Consultancy Services (Expert)
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20 February 2020 Yes, TDS have to be deducted u/s 194C. Rate of Tax
1% for Individual or HUF
2% for others
However if the deductor is an individual & HUF and in the previous year Accounts were not audited then no need to deduct the tds.