Whether or not deduct tds on freight charged in invoice
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 October 2012
Dear sir,
I if any person purchases goods from a supplier of delhi and such supplier charges freight in his invoice. I want to know that whether I should deduct tds on freight amount or not.
Another query that whether can i add this freight amount in my inventory cost.
I if any person purchases goods from a supplier of delhi and such supplier charges freight in his invoice. I want to know that whether I should deduct tds on freight amount or not.
Another query that whether can i add this freight amount in my inventory cost.
Pankaj Gupta
(Expert)
06 October 2012
No need to deduct TDS on freight. And such freight is a direct expense and should not be added to the cost of purchases.
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