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Tax Deductions at Source
A comapny received a payment after deduction of tds. Then the company paid the amount to 5 transporter. My question is, Is it necessary to deduct tds again on such payment to transporter?
Replies (4)
Quick Summary
Yes, payment to a transporter is subject to a TDS @ 1%/2%
Thank you
But the amount deducted is 1.5% (May be there are some change in rates)
But the amount deducted is 1.5% (May be there are some change in rates)
Yes central government ordered a 25% reduction in rate of tds and tcs from 14th may 2020 to 31st march 2021
Yea okay. Thank you !!
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