one of my client was not deducting TDS of a transporter till December as it was within the limit of 10 trucks , but after December they where owing more than 12 trucks
so does my client need to pay TDS on bills before December and if yes penalty and interest will also be charged???
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TDS on transporter
Replies (4)
No. TDS liability arises only after truck owner crossing 10 Trucks, i.e. from December.
OK, Than u Sir
Sir , I have one more query
client have taken loan from an NBFC, and the EMI is directly cleared through Bank A/C, so do they have to pay TDS on EMI on monthly basis or Yearly
client have taken loan from an NBFC, and the EMI is directly cleared through Bank A/C, so do they have to pay TDS on EMI on monthly basis or Yearly
TDS can be paid to treausery on monthly or quarterly basis, file e-return and after issue of form 16B, it can be asked for reimbursement.
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