Tds return for payment to lorry freight

Hi Senthil,

Let me clarify this, you can deduct TDS to payments made to transporters at the rate of 2% if such payments exceeds Rs. 30,000 or aggregate of such payments exceeds Rs. 75000 in a financial year. 

If the payment made to transporter does not exceed Rs. 30,000 or the aggregate of such payments made does not exceed Rs. 75,000 in a single financial year then the rate of TDS will be 1%.

 

Hope this helps,

Prashant

 

TDS return is filed for a quarter. So u need to consider payments/credits for the relevant quarter.

Hi senthil, reading ur query where u hv said showing transporter pymt in nil tds return. That mean u hv take PAN No of transpoter and not deduct tds on pymt made to transporter. If these be the case then simply u in tds return quote the transporter PAN no.,his name along with amt paid and in TDS cell quote 0 amt hope this be ur query n same hv been solved goodluck

Now W.E.F 1/6/15 a transporter having more than 10 vehicle or more, any pymt made to him by person must deduct tds u/s 194 c even he is giving his PAN No. Thanx