Tds to courier service
This query is : Resolved
20 September 2014
our company is paying more than 50000/- to courier company & speed post for shipment of books to different customer. Is is tds applicable ? if yes please let me know the rate .
If Ans - Yes the my following query . Please help -
If we have not deducted tds & payment is more than 2 lac p.a then what we can do now ?
If Ans - Yes the my following query . Please help -
If we have not deducted tds & payment is more than 2 lac p.a then what we can do now ?
Rupesh Jain
(Expert)
20 September 2014
courier service cover under 194C if you pay 75000/- in year or rs. 30000/- in single bill then you have tot deduct the tds @ 1% for individual/HUf and for other @ 2% .
20 September 2014
Additionally, if you have not deducted TDS then immediately pay it from you own pocket along with interest @1% p.m. on late deduction and then adjust against the future payment of vendors.
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