Menu
TDS ON TRANSPORT CHARGES PAID
COMPANY HAVE PAID TRANSPORTS CHARGES OF RS 50000 pm SHALL BE DEDUCTION ON TDS OR NOT
Replies (5)
yes @ 2% TDS needs to be made since yearly payment exceeds 1lac
Take declaration from transporter for no need to tds. Otherwise pan base tds deduction 1% or, 2%
since payment is upto 6lacs p.a. so no declaration can be taken. tds @ 2% or 20% needs to be made
THAT TRANSPORT CHARGES INCLUDING GST OF RS 50000
Check out the details frim Transporter as his number of vehicles. If it's not exceeding as per sec 194C then receive declaration and no need to deduct tds...
Recent Topic
- Money transction within Family
- ITR-2 salary breakup updation
- Application for ₹2 Crore Term Loan under Cre
- ITR-2 Schedule CG: Indexation cost ignored for lan
- INCOME TAX NOTICE 143(2) - FY 2024-2025
- Unable pay Self Assessment Tax - Netbanking and De
- Section 192 2(b) entry in IT return ITR 1
- Rent from redevelopment property
- How to find FMV of inherited gold after selling it
- Happy CA Day!!
Related Topics
CAclubindia
