CA Apoorva Gaurav (CA) 26 September 2013
I have a query regarding practical implementaion of Sec 194 C
A co. engaged in the business of pathology sends its blood samples to Mumbai via flight on daily basis and daily billing ranges b/w 400-7500 apprx that too on payment of cargo charges on daily cash basis though the aggregate payment in the preceeding F/Y amounts to more than 9,00,000.
Now My Q is Is the co. liable to deduct TDS?
and if it is so then how can co. practically deduct TDS as it pays on counter and books it cargo...