Can We Deduct TDS for Carriage Inward, ELECTRICITY CHARGES, Factory Expenses, Bank Interest Paid, Conveyance, Delivery Charges, Postage & Courier, Tea & Tiffin,, Donation, Partner Salary etc Purpose.
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TDS (DIFF. EXPENSES)
Replies (2)
You can deduct tds of carriage inward, postage & telegram or courier U/s 194C.
| Originally posted by : niloy sanyal | ||
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Carriage Inward - equivalent to transportation charges collect PAN or deduct 20% ELECTRICITY CHARGES - no as you will be paying it to the government company , Factory Expenses - nature has to be specified here please, Bank Interest Paid - all banks have specific exemption under the section, Conveyance - will be handled in salary taxation however it will be exempt to the extent they have used for company purpose and with proper bills, Delivery Charges - TDS has to be deducted under 194C, Postage & Courier - probably for courier you can deduct TDS , Tea & Tiffin,, Donation, Partner Salary all are NA |
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