Tds rate

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Querist : Anonymous

Querist : Anonymous (Querist)

05 April 2012 how many charge tds rate on transportation expenses and travelling exp.fy 11-12

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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05 April 2012 TDS on transportation of goods is applicable u/s 194C but no TDS is applicable on travelling exp

CA Kishore Tallam

CA Kishore Tallam (Expert)
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05 April 2012 TDS on transportation is required to be done only if the transporter does not submit a valid PAN.
If a valid PAN is received by deductee, not required to deduct TDS.

Sandeep Arora

Sandeep Arora (Expert)
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05 April 2012 If valid PAN furnished by the transporter , No Tds will be applicable. In other case, TDS will required to be deducted as per section 194C.
Rate:-
if transporter is Individual/HUF - 1%
other cases - 2%

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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05 April 2012 TDS will be deducted @20% if no PAN is furnished otherwise no tds

CA Kishore Tallam

CA Kishore Tallam (Expert)
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05 April 2012 Agree with Amit.

Sandeep Arora

Sandeep Arora (Expert)
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05 April 2012 You are correct Sir.
even no PAN or Wrongly/ Incorrect PAN furnished. HIgh Rate of TDS @ 20% will be applicable.