Tds under 194 c
This query is : Resolved
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?
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?
07 July 2017
To deduct on previous 2 bills too.
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?
07 July 2017
Well, he has more than 10 vehicles
07 July 2017
then deduct on entire amount......from the date 01/04/2017
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