Please solve my query
whether the TDS should be deducted on the air fair for transportation of goods. At which rate ? is there any circular or any supporting link in this regard.
Rajagopalakrishnan R
(PARTNER)
(1422 Points)
Replied 03 September 2011
Yes You have to deduct tax at rates specified in Sec 194C
1% if payment made to Individuals and HUF and 2% in other cases
ashish gupta
( student)
(1922 Points)
Replied 03 September 2011
TDS is attracted under section 194C @ 2% . see explanation to the section 194C
Nitin Garg
(CA FINAL Article Trainee B.com)
(171 Points)
Replied 03 September 2011
Agreed..............
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 03 September 2011
YES TDS IS TO BE DEDUCTED UNDER SECTION 194C
Suraj Agarwal
(Self Practitioner in Income Tax & GST)
(782 Points)
Replied 03 September 2011
TRILOCHAN
(SENIOR ACCOUNTANT)
(698 Points)
Replied 03 September 2011
Ya TDS Applicable @ 1% or 2% depends upon the status of the deductee
Ramanuj
(Accountant.)
(834 Points)
Replied 03 September 2011
Yes tds is applicable @ 1% or 2% depends on status of deductee of pan .
kalyan
(Accounts officer)
(22 Points)
Replied 03 September 2011
payment to contractors-single transaction 1% Individual, Comapany firm .co-op local authority 2% deducted under sction194C code 94.
Devender kumar
(Accountant)
(198 Points)
Replied 05 September 2011
Tds Not applicable on transpotor.
C A kailash vyas
(propritor)
(48 Points)
Replied 05 September 2011
TVVS Swamy
(Accountant)
(44 Points)
Replied 05 September 2011
Please solve my query
how prepare to Rental invoice and rental income is service tax appliacable or not applicable.
thanks
GURMEET SINGH
(ACCOUNTANT)
(23 Points)
Replied 05 September 2011
yes i agree, but if PAN is not alloted to the assessee than TDS @ 20% will be dedutiable
mahima
(company secretary)
(21 Points)
Replied 05 September 2011
TDS is not Applicable on Transportor
CAclubindia
