dear sir/ mam
what is the system regarding TDS on courier companies.
are we liable to deduct tds on courier expenses of the companies like FEDEX, DHL, FIRST FLIGHT COURIER LIMITED
WHAT ARE THE RULES?
KRISHNA PAL SINGH (STUDENT) (32 Points)
07 March 2014dear sir/ mam
what is the system regarding TDS on courier companies.
are we liable to deduct tds on courier expenses of the companies like FEDEX, DHL, FIRST FLIGHT COURIER LIMITED
WHAT ARE THE RULES?
Amit Kumar
(Chief Accounts Officer)
(183 Points)
Replied 07 March 2014
Deepak Gupta
(CA Student)
(15922 Points)
Replied 07 March 2014
Question 8 of Circular : No. 715, dated 8-8-1995.
.
Whether section 194C would be attracted in respect of payments made to couriers for carrying documents, letters, etc. ?
.
The carriage of documents, letters, etc., is in the nature of carriage of goods and, therefore, provisions of section 194C would be attracted in respect of payments made to the couriers.
Manoj Mehta
(Head Of Department (Accounts & Finance))
(1479 Points)
Replied 07 March 2014
Ravita Sangwan
(Article assistant)
(21 Points)
Replied 07 March 2014
CA Aditya
(CA )
(527 Points)
Replied 07 March 2014
TDS applicable either 2% or 1% on courier charges.
Exemption given only for fright/ transport charges where PAN of transporter available, in case PAN of transporter is not available TDS @ 20% should be deducted.
anil pandey
(account officer)
(34 Points)
Replied 07 March 2014
Ravinder Kumar
(CEO)
(29 Points)
Replied 07 March 2014
Sagar Jagtap
(Accountant)
(224 Points)
Replied 07 March 2014
Sagar Jagtap
(Accountant)
(224 Points)
Replied 07 March 2014
CCI Member
(CA Final Student)
(232 Points)
Replied 08 March 2014
Manoj Mehta
(Head Of Department (Accounts & Finance))
(1479 Points)
Replied 08 March 2014
VIVEK MALAVE
(Chartered Accountant)
(378 Points)
Replied 09 March 2014
Manoj Mehta
(Head Of Department (Accounts & Finance))
(1479 Points)
Replied 09 March 2014