DEAR
need your advise on Deduction of tax on payment made agt transportation charges to the vendor who engage in the business of transportation (having own trailors), also apart from transportation , he does other logistics activity such as warehousing , or clearing and forwarding of export in the same company from where he does transport business
pls advise applicablity of TDS u/s 194 C
pradeep khare
Manager accounts
in your case...tht transporter might be charging transportation charges in the name of "port container freight or so"... in addition to other services such as clearing & forwarding
TDS is not required to be deducted on such transportation charges/expenses, if a valid PAN of such assessee is obtained by the person making pmt. as it is one of the exclusion from provisions of Applicability of TDS. However Such information are req. to be shown in form no. 26Q (TDS return) filed quarterly....
whether tht transporter provides separate bill for such transportation charges or composite bill for all service is not material...
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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CAclubindia
