Tds....urgent....!!!
This query is : Resolved
13 January 2012
If there is a courier company (say X ltd) which transfers document as well as goods for Y Ltd , and Y ltd transfers all the transaction with X ltd to Postage and telegram and the total transaction amount is 500,000 ....X ltd Quotes PAN on all bills...
Query is : Is Y ltd liable to deduct TDS of X ltd under section 194C...?
and if yes then what is difference between FREIGHT and COURIER expense...?
as the section 194c of the act does not include the deduction of tds for GTA (Road transport agency if provided PAN)
Please provide provisions or explaination of ACT...
Query is : Is Y ltd liable to deduct TDS of X ltd under section 194C...?
and if yes then what is difference between FREIGHT and COURIER expense...?
as the section 194c of the act does not include the deduction of tds for GTA (Road transport agency if provided PAN)
Please provide provisions or explaination of ACT...
13 January 2012
Courier service is different from GTA. so, TDS shall be decucted for X Ltd.
For the definition of GTA we could refer the Service Tax act which says that "Goods transport agency” means any person who provides service in relation to transport of goods by road and issues consignment note, by whatever name called.
So if a person is providing you with the consignment note then we can say that its GTA and courier service providers doesnot provide us with the consignment note, so TDS should be deducted U/S 194C
For the definition of GTA we could refer the Service Tax act which says that "Goods transport agency” means any person who provides service in relation to transport of goods by road and issues consignment note, by whatever name called.
So if a person is providing you with the consignment note then we can say that its GTA and courier service providers doesnot provide us with the consignment note, so TDS should be deducted U/S 194C
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
Unanswered Queries
- DELIVERY GOLD & SILVER AND OTHER ETF TRADING PROFIT AS BUSINESS INCOME
- GSTR-1A How to update Invoice
- Excess salary payment.
- 3cd- cash system of accounting is allowed?
- Provision for loans that are under Revenue Recovery
- APPLICABILITYOF GST ON STUDENT HOSTEL FEES
- Form 121-contradictory opinions
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
