Tds to transport agencies

c pradeep (articled student) (159 Points)

16 August 2013

Should we deduct TDS on transportation of goods by transport agencies?

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4 Replies

Nilesh Takale (MBA) (37 Points)
Replied 16 August 2013

If Pan No is available don't deduct TDS if PAN No not available for Transporter deduct 20% on Bill amount

Ganeshbabu K (Audit and Tax Advisory) (48559 Points)
Replied 16 August 2013

Nil TDS on payment to transporters who engaged in the transportation of goods vide Sub Section 6 to Section 194C,,provided PAN provided by payee

But please note as per Ammended rule 31A it is mandatory to provide details in TDS return you may refer below article for more details

Nilesh Takale (MBA) (37 Points)
Replied 16 August 2013

Not a Required to deduct TDS if PAN No. available by transporter otherwise deduct @ 20% on bill amount

SIVASIVA (FCA, Future CA) (4935 Points)
Replied 16 August 2013

first of all, whether the transport agency , whether he is expensed for rs.30000..???

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