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.
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TDS
Replies (13)
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
TDS is attracted under section 194C @ 2% . see explanation to the section 194C
Agreed..............
YES TDS IS TO BE DEDUCTED UNDER SECTION 194C
Ya TDS Applicable @ 1% or 2% depends upon the status of the deductee
Yes tds is applicable @ 1% or 2% depends on status of deductee of pan .
payment to contractors-single transaction 1% Individual, Comapany firm .co-op local authority 2% deducted under sction194C code 94.
Tds Not applicable on transpotor.
as per sec.192c tds rate as under:-
if recepient is ind or huf 1%
if recepient is others 2%
IF there is regular payment and exceeds the limit 30000,75000 in keeping the view last year record and present then whether there is deed or not we will deduct tds payment courier expto save to us/clients . payment to Tranporter for bails freight is EXEMPTED.
Please solve my query
how prepare to Rental invoice and rental income is service tax appliacable or not applicable.
thanks
yes i agree, but if PAN is not alloted to the assessee than TDS @ 20% will be dedutiable
TDS is not Applicable on Transportor
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