Tds under 194 c

Save Share

This query is : Resolved

Vijay Kumar (Querist)
Follow

07 July 2017 3 bills from Transporter were received.
Bill 1: Rs.20,000
Bill 2 : Rs.25,000
Bill 3 : Rs.35,000

Since third bill exceeded the limit of 30000 , I should deduct tds on it
Whether I should deduct on previous 2 bills or not?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

07 July 2017 To deduct on previous 2 bills too.

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

07 July 2017 If transporter is not owning more than 10 goods carriage at any time during the previous year, then we, as payers (Tax deductors) have to obtain a declaration from transporter along with his copy of PAN before credit or payment to transporter, whichever is earlier......and then no tds is required to be made. Just check if you can get such declaration?

Vijay Kumar

Vijay Kumar (Querist)
Follow

07 July 2017 Well, he has more than 10 vehicles

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

07 July 2017 then deduct on entire amount......from the date 01/04/2017

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now