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?
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Tds on courier expenses
Replies (16)
UNDER SECTION 194C, @ 1% IS APPLICABLE
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.
Dear Krishna
you have to deduct tds under sec 194c for contractor. In your case it is a company therefore you have to deduct tds @ 2%. 1% is in the case of individual.
I hope this will solve your query.
Yes tds to be deduted @ 2% u/s 194c
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.
When the other party is CHA , can it be treated as transporter
Fedex has cetificate for no deduction of TDS. Please check on the bill of Fedex
If transporter provides us pan number. But is it necessary to filled nil tds return?
If transporter provides us pan number. But is it necessary to filled nil tds return?
Individual/HUF = 1%
CO/Firm = 2 %
Thanks!
1% for individual and huf
2% for rest
No now nil tds return are not mandatory, unless department specifically ask you to do so.
Yes there required to file nil return as per rule 31 A
Dear Vivek, now in softwares nil returns are not generated. It was applicable till first quarter.
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