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.
[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.
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
Guest
Posted on 31 January 2008
NO TDS WOULD BE REQUIRED IF TRANSPORT CHARGES IS NOT PAID BY U SEPARATELY
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