TDS u/s 194c
This query is : Resolved
25 September 2008
An indian Private limted company made payments to indian railway towards freight charges for transporting the cargo on regular basis. whether the tax will be deducted at source u/s 194c of income tax Act?
25 September 2008
Yes, Tax would be deducted u/s 194C if the payment is more than 20000/-
If railway got any exemption in terms of TDS then no deduction.
If railway got any exemption in terms of TDS then no deduction.
25 September 2008
But as per Sec 194C Contract Means : Transport contract for carriage of goods and passengers by any mode of transport OTHER THAN BY RAILWAYS.
25 September 2008
Pl. visit
https://www.caclubindia.com/forum/messages/2007/12/5209_tds_on_payment_of_railway_freight.asp
https://www.caclubindia.com/forum/messages/2007/12/5209_tds_on_payment_of_railway_freight.asp
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