We had mad payment to CHA as well as payment to logastic company Rs. 300000/- and our status is private limited company. Let me know that will i deduct tds on such payment. Please guide me section & rate of deduction.
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Payment to cha : tds liability
Replies (3)
Hi Sir,
TDS shud be deducted since the limit has exceeded 75000(as per 194C)..in ur case if CHA and Logistics both are given by same vendor tds ll become applicable..if given by diff vendor, then u hav to chk whether limit has exceeded wrt to the payment made to them..
And also confirm me the abbreivation of CHA...
| Originally posted by : Subramanya | ||
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payment ot a logistics (transporter) covered undre section 194 c. the threshold limit in your question has been crossed. now your liability to tds arises only when:
if you do not have PAN of that party @ 20 %.
and
if you have PAN of that party then you need not to deduct the TDS on the Transaction because there is an exemption under section 194 c.
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