Transportation charges charged in the invoice of sale of pro

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Uday Kiran (Querist)
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04 November 2017 Suppose, When an item like Ups batteries or any asset purchased by a company where the seller delivers such items to the place of buyer. Seller raised invoice mentioning the selling cost of items purchased and transportation charges. In such a case, what is the accounting treatment in the books of buyer regarding transportation charges whether it can be added to cost of item purchased or it has to be debited to freight charges - others account? Whether Tds need to be deducted on such transportation charges under 194C?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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04 November 2017 1 It can be added to cost of item.
2 TDS need to be deducted when threshold limit exceeded.

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Uday Kiran

Uday Kiran (Querist)
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04 November 2017 Thank you sir, Suppose, if we add transportation charges to cost of item purchased, then it is pure purchases, then why TDS to be deducted. Please clarify my doubt sir..

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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04 November 2017 194C TDS applicable if transport charges paid separately.

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