Payment to transpoter
This query is : Resolved
08 November 2012
Dear Experts
on how much amount paid to Transporter TDS will be deducted and It is necessary payment is maid by cheque
Thanks
vermakl_1981@yahoo.co.in
on how much amount paid to Transporter TDS will be deducted and It is necessary payment is maid by cheque
Thanks
vermakl_1981@yahoo.co.in
08 November 2012
Hi
For transporter TDS to be deducted @2%. You can make payment in cash upto Rs.20000/-
Thanks//Vaibhav
Click thank button to convey your appreciation.
For transporter TDS to be deducted @2%. You can make payment in cash upto Rs.20000/-
Thanks//Vaibhav
Click thank button to convey your appreciation.
08 November 2012
No TDS to be deducted if transporter is having PAN. IF No PAN, then dedcuct TDS at 20%
Payment in cash cab be made upto rs 35000 in single day.
Payment in cash cab be made upto rs 35000 in single day.
09 November 2012
Respected CA Sahil Sir
If I made a payment to Transporter in a FY Rs 1 lac or more then TDS will be deducted or not.
and If I paid Rs 35000 in a single day then Sec 40B will not affected?
If I made a payment to Transporter in a FY Rs 1 lac or more then TDS will be deducted or not.
and If I paid Rs 35000 in a single day then Sec 40B will not affected?
09 November 2012
Sir
No TDS whatever be the amount.
Yes. Section you can pay Rs. 35000
No TDS whatever be the amount.
Yes. Section you can pay Rs. 35000
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