If an amount of 50000 were charged by the supplier in an invoice through which goods are supplied, by supplier.
Then will it become our liability to deduct TDS on freight charges in total invoice amount?
Menu
TDS on freight charges in an invoice.
Replies (2)
No TDS is needed to be deducted in case of sale of goods. If the delivery of goods is necessary\inevitable to complete the sale, then such delivery becomes part of sale of goods and hence no TDS is deductible. Also if the contract of sale contains clause of delivery of goods for which freight is charged,such transportation becomes an ancillary service and hence no TDS is deductible.
Yes, as the single contract amount exceeds Rs 30,000 so it is liable to be deducted as TDS on full amount U/s 194C.
Recent Threads
- Luxury premium car - Lease or Loan
- Income tax act 40 A (3)
- Transmission of deceased's shares in physical form
- Shall I pay GST payment for unkonwnly cancelled in
- Error in GSTR1 filing for October 25
- Inverted Rate structure .
- Exemption to be climed
- GST TDS u/s 51 Applicability on RBI and it's subs
- Time allowed to buy another asset
- ITR not processed for the FY 2024-25
Related Threads
CAclubindia
