TDS is applicable for payment made to Logistics?. As per my knowledge, Logistic comes under Courier.
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Tds on logistics
Replies (2)
For the Transportation service TDS not required to deduct if pan is provided. if not provided then 20% TDS will attract u/s 194C
logistics includes the planing,execution,and control of the movement/placement of goods or people and the related support service to acchive specific objective.
so TDS u/s 194C will attract as it seems the contractual in nature.
PAYMENT TO COURIER MEANS, IMPLIEDLY 194C IS APPLICABLE
YOU ARE LIABLE TO DEDUCT TDS IF SINGLE PAYMENT IN A DAY EXCEEDS 30,000 AND PAYMENTS EXCEEDS 75,000 IIN A FINANCIAL YEAR
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