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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TDS
Replies (5)
[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]
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]
Payment made to suppliers for supply of goods will not attract TDS.But tax has to be deducted on freight charges @ 2.266%
hi hpows uig bdfklbvshd
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
NO TDS WOULD BE REQUIRED IF TRANSPORT CHARGES IS NOT PAID BY U SEPARATELY
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