TDS on freight

320 views
User Avatar

402 Points Posted on 26 September 2020
I have received a single Bill.T or Invoice of freight amounted to RS 40000 in same case if i make part payment 20000 and 20000 differnt days so is TDS applicable as his yearly Paymet doesn't Cross 1 Lakh.
0 Reply Share Follow
On 26 September 2020 at 13:45 Report
Replies (3)
Quick Summary
This discussion clarifies the rules around Tax Deducted at Source (TDS) on freight charges. TDS is applicable if a single invoice or bill for freight exceeds £30,000, even if the total annual payments to the contractor do not cross £100,000. The key factor is the value of the individual bill, not the cumulative payments over the year.

User Avatar

Service
255 Points Posted on 26 September 2020
Yes as per sec 194C if invoice amount exceed 30,000 in single bill the TDS is deducted
1 Reply
On 26 September 2020 at 16:59
User Avatar

T
405 Points Posted on 26 September 2020
Yes u r required becoz the provision says amount paid or credited to contractor under a single contract(bill) as u have recieved 1 bill it is applicable if u got 2 Bill's then no need
1 Reply
On 26 September 2020 at 21:16
User Avatar

Tax and Business Consultant
11616 Points Posted on 27 September 2020
TDS u/s 194C is applicable in your case, as amount of single invoice/bilty is more than 30,000.
1 Reply
On 27 September 2020 at 16:18

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Queries with the new form 144
  2. Updating form 10-ee and Schedule FA if there is ch
  3. Sale of property in SLUM area ....SRA
  4. GST applicability on Shipping charges
  5. Outstanding Demand in Income Tax: How To Respond?
  6. LTCG on property sale
  7. Capital gains incidence due to bonus shares
  8. Amendment of Object Clause of Memorandum
  9. How Can I Request a Refund for an Accidental Airte
  10. TDS on salary paid in cash

More recent discussions | Post

Related Topics :

Loading