Tds on carriage inward/outward

Swapnil Jain (Finance - FP&A) (564 Points)

12 February 2012  

Dear Friends,

I have a query regarding TDS deduction on carriage inward and outward. What are the provisions for TDS deduction for payment made to Transport co's including Truck/ Tempo etc. Please help me as I am very confused regarding that in my audit. Every week 2-3 payment are made to a single person for carriage inward and no TDS is deducted. Complete amount is paid in cash. And No PAN no is given as the transporter gives no receipt. We provide self made cash payment vouchers to the transporter and get it signed by reciever.