Tds on transporter of goods
Tushar (ca final) (147 Points)
06 November 2014
NOUFAL
(ACCOUNTANT)
(762 Points)
Replied 06 November 2014
As per my knowledge, there is no need to deduct the tds. if they deduct the tds they can provide the tds certificate.
CA Parul Saxena
(CA)
(8465 Points)
Replied 06 November 2014
No need to deduct the tds as he has provided his PAN no.
Swami Ayyappa Nuli
(TAX ADVISOR & CONSULTANT AT G.S.T SUVIDHA CENTER)
(1372 Points)
Replied 06 November 2014
As Noufal and Parul saxena said no need to deduct T.D.S as they submitted PAN to you but for Internal control purpose company may deduct T.D.S if receipient agreed to receive net amount. But above transaction come under Contract for T.D.S purpose so you need to deduct T.D.S @ 2% if payee is company otherwise deduct @ 1%.
Jignesh Divecha
(SERVICE)
(22 Points)
Replied 06 November 2014
Dhaval Karania
(Prop)
(23 Points)
Replied 07 November 2014
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