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TDS on transporter

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student
27 Points Posted on 25 February 2017
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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On 25 February 2017 at 16:05 Report
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SEO Sai Gr. Hosp.
211715 Points Posted on 26 February 2017

No. TDS liability arises only after truck owner crossing 10 Trucks, i.e. from December.

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On 26 February 2017 at 08:20
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student
27 Points Posted on 26 February 2017
OK, Than u Sir
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On 26 February 2017 at 08:33
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student
27 Points Posted on 26 February 2017
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
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On 26 February 2017 at 08:44
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SEO Sai Gr. Hosp.
211715 Points Posted on 26 February 2017

 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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On 26 February 2017 at 09:16


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