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TDS

TDS / TCS 1843 views 5 replies
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16 Points Posted on 10 May 2007
I wanted to know whether TDS would be required to be deducted from
1.     payments made to suppliers of goods like cement, bricks etc.
2.     on freight charge paid

Please mention the rate of deduction also
Thanks to all.

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On 10 May 2007 at 16:20 Report
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43 Points Posted on 10 May 2007
[quote=akash (Guest)] In case of construction contracts, whether TDS would be required to be deducted from
1.     payments made to suppliers of goods like cement, bricks etc.
2.     on freight charge paid for Carriage of goods.

Please mention the rate of deduction also.
it's urgent
Thanks to all.

[/quote]

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On 10 May 2007 at 16:20
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CA Final
814 Points Posted on 29 January 2008
Payment made to suppliers for supply of goods will not attract TDS.But tax has to be deducted on freight charges @ 2.266%
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On 29 January 2008 at 14:26
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Guest
460655 Points Posted on 30 January 2008
hi hpows uig bdfklbvshd
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On 30 January 2008 at 09:24
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Chartered Accountant
3356 Points Posted on 31 January 2008
there is no tds on cement and brick puchases but traspot charges paid in excess of rs 20000/-at one time and rs 50000/-and more in the year are liable to tds but if paid for personal purpose then no tds is to be educted
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On 31 January 2008 at 12:43
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Guest
460655 Points Posted on 31 January 2008
NO TDS WOULD BE REQUIRED IF TRANSPORT CHARGES IS NOT PAID BY U SEPARATELY
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On 31 January 2008 at 14:37


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