Tds rate
This query is : Resolved
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
(Expert)
05 April 2012
TDS on transportation of goods is applicable u/s 194C but no TDS is applicable on travelling exp
CA Kishore Tallam
(Expert)
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.
If a valid PAN is received by deductee, not required to deduct TDS.
Sandeep Arora
(Expert)
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%
Rate:-
if transporter is Individual/HUF - 1%
other cases - 2%
CA CS Amit S. Kedia
(Expert)
05 April 2012
TDS will be deducted @20% if no PAN is furnished otherwise no tds
CA Kishore Tallam
(Expert)
05 April 2012
Agree with Amit.
Sandeep Arora
(Expert)
05 April 2012
You are correct Sir.
even no PAN or Wrongly/ Incorrect PAN furnished. HIgh Rate of TDS @ 20% will be applicable.
even no PAN or Wrongly/ Incorrect PAN furnished. HIgh Rate of TDS @ 20% will be applicable.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- GSTR-9C filing
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- Gift to nri relatives residing in usa
- Form 144 TDS Return Validation Error – Mandatory Fields
- IMS (import of goods) ITC related
- Advances to related party
- How do you manage client document collection and follow-ups in your CA/CS practice?
- LLP audit and disclosure
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
