hello,
we have paid 35k on a single consignment (adv 15k + remaining balance 20k later)as freight charges to a transport agency who doesn't have more than 10 vehicles and also doesn't issue any consignment note.
should we deduct TDS on the above 35k ??
pls advice
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Tds on freight charge
Replies (9)
Yes, TDS is applicable.
What if declaration is furnished to us ? and how to submit the declaration to cbdt?
TDS rate will be as per certificate u/s 197.
And you need to mention the number of the certificate in the TDS return.
Can you explain how tds is applicable in the above statement
Mr. manish i heard if the transporter has less than 10 vehicles need not to deduct tds . but u r saying otherwise. can u explain?
Yes, I missed the limit.
No TDS, but PAN is mandatory for filing TDS return. Mention in no deduction column of form 26Q. And get declaration too.
But is that benefit of having less than 10 trucks available to a deductee who does not issue consignment note
No need to deduct TDS if transporter provides a declaration of non deduction of TDS in his letterhead itself including his pan number
Is it necessary to mention Vehicle Numbers in Certificate if Transporter is having less than 10 vehicles?
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