we received one Courier Bill without Service tax in bill Amount 19,000/- so can I Cut The TDS Of this Bill.
Menu
Tds
Replies (7)
TDS u/s 194C is required to be deducted if there is contract (Cover implied as well). There is no matter if the courier company not charging service tax, TDS is required to be deducted if the payment is made in single bill exceeding Rs 30,000 or the total billing during the financial year to the same party exceeds Rs 75,000.
In this case TDS is not to be deducted if no other payment to the same party made during the Financial year as the bill amount is below Rs 30,000.
partially agree with neerajji
I further wants to add that
TDS is to be deducted even if there is no formal contract (even a bill is a contract that is implied contract)
the threshold under section 194 c is Rs. 30,000 individually or Rs. 75,000 collectively during the financial year
regards
In your case, no TDS liability is attracted as courier bill is not covered under Sec 194C
i feel charging of service tax by the courier agency is independent thing .It does not affect the TDS provisions
How much tds should be deducted in case payable amount is 30,000.
at the rate of 1%, when the recipient is an Individual/HUF
at the rate of 2%, when the recipient is any other person
@ 1% for individual or huf & 2% for other than individual or huf
Recent Threads
- ITR tax return related query
- Commercial property rent query
- What is the Accounting Treatment for the CAR buy b
- Intraday loss & FNO loss - small amount
- Query on carrying documents in case of e-way Bill
- 194C Income can be claimed under Other sources?
- ITR 2 filing error after validation
- ITR filing STCG LTCG
- TDS deducted against PF withdrawal
- VRS / Severance Pay full exemption u/s 89 ( 10E fo
Related Threads
CAclubindia
