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Tds on freight
PLEASE CLARIFY IF FRIEGHT IS WITHIN THE LIMITS OF SECTION 194C OF RS. 30000/75000 BUT TRANSPORTER HAS MORE THAN 10 TRUCKS WHETHER TDS IS REQUIRED TO BE DEDUCTED ON FREIGHT PAYMENTS?
Replies (10)
IF FREIGHT IS WITHIN LIMIT OF 30000/75000 THEN NO TDS TO BE DEDUCTED.
No its not required to deduct tds
No no ads on freight if Pan is there even though it crosses the limit
IF CROSS THE LIMIT THEN REQUIRED TO DEDUCTED ON FULL AMT OTHERWISE NOT
No tds deduction required in this case.
As per Section 194C Tds is to be deducted if payment exceed the limit of 30000 or 75000 hence if payment is under the limit no TDS is to be deducted
TDS not applicable in this case.
In case of reimbursement of freight through debit note to material seller.
Then TDS is applicable
Below threshold limit no need to deduct tds
dear all , all the provision of 194C would be apply on transporter if does not give declaration for not having vehicle 10 or less. wrt 1 June 2015
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