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who will deduct TDS
hi all,
we are purchasing various items in which the supplier charges seperately for freight amount separately in the bill for transporting the material on my premises.
now my question is, are we liable for deducting TDS on freight amount or no
as we are not dealing with the transporter directly. the supplier is dealing.
we are simply reimbursing on account of freight charged separartely in the purchase bill
Replies (6)
Dear Aashima,
TDS will not be attracted in this case because of the reasons u mentioned that "ASSESSEE IS JUST REIMBURSING FOR THE FREIGHT"
For assessee this is a part of Purchase Price...
it is just reimbursement
therefore u r not liable to deduct TDS
The supplier has to deduct the Tax
please wait for some more reply
Dear sir
you should deduct the tax on frieght with the 2.06% as per company act if its seprate paid to transporter
In practical frieght is seprate from purchase
agree with tarun sobti .........
Agree with aashima answer
In this case TDS Liability will come on supplier. Supplier will deduct TDS of transporter. You need not to deduct TDS of transporter.
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