Transport
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 June 2016
Last Month (May,2016) We have purchase a Machine for Rs.65 Lac. & for this Machine Trasit Purpose TRANSPORT COMPANY Charges Rs. 50 Thousand (Including Service Tax)and Transport Company provide his PAN No. 1) Can we deducted TDS against TRANSPORT COMPANY Invoice . 2) IfYes then Explain Details 3) If No then Explain Details - can it is compulsory to show this invoice Value in TDS return (26 Q)
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Rupesh Jain
(Expert)
08 June 2016
if take declaration then no tds required, otherwise you have to deduct the tds according to pan individual/ HUF @1% otherwise @2%.
Gokul Sharma
(Expert)
08 June 2016
in both situation you have to show in TDS RETURN whether tds deducted or not
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