Tds on loading & unloading charges

This discussion clarifies the applicability of Tax Deducted at Source (TDS) on loading and unloading charges when engaging contractors. TDS under Section 194C is applicable if a single payment exceeds £30,000 or if the aggregate annual payments to one contractor surpass £100,000. The conversation highlights that even if individual payments are below these thresholds, the annual total is crucial for determining TDS obligations. It also touches upon the importance of specifying the exact amounts involved in transactions for accurate legal interpretation.