TDS ON COURIER

HI

Tds on Courier comes U/s 194 C  in that it is under contract  or freight if it is freight  than TDS rate is nill & if it comes under contract than what is the TDS rate, please tell me.

 

 

Replies (9)

If courier agency is company or partnership firm, then TDS @ 2%, otherwise 1% (No surcharge or E.cess to be added)

NIL rate of TDS only for transportation payment if transportor provide his PAN No.

Since it is Courier Payment it is covered u/s 194C and TDS will deducted at the rate as Vivek mention.

194C WILL APPLY

It comes under contract and tds to be deducted 1% or 2%

i agree with jitendra............

 As per CBDT circular no. 715: 215 ITR (st.) 14 TDS on courier service liable u/s 194C. Hence, rate of  TDS will be @ 2% or 1% as the case may be without any Ed. Cess, H. Ed. Cess and Surcharge.

  tds to be deducted 1% or 2%

If the deductee is company than TDS rate will be 2% otherwise it would be 1% (No surcharge or edcation cess will be added).

if a company has not deducted TDS on payment to courier. then what should be done? i think Firs the Company have to Calculate TDS and pay the TDS with interest. If there be any other opinion plz suggest me.

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