27 July 2010
MY ASSESSEE IS ENGAGED IN GTA SERVICES AND THERE IS A EXPENSES "LORRY HIRE CHARGES" IS BEING DEBITED TO THE P&L A/C....WHETHER MY ASSESSEE IS REQUIRED TO DEDUCT TDS ON THIS TRANSACTION.....WHETHER THIS IS A CONTRACT NATURE TRANSACTION......AND SAME LORRY IS REPEATED MORE THAN 10 TIMES IN A YEAR AND PAYMENT IS EXCEEDING RS.50000 P.A.MONETARY LIMIT....
PLEASE REPLY SOON IT'S URGENT.... THANKS IN ADVANCE
If the Lorry Hire Charges are paid to outside parties than on net payment the TDS is required to be deducted.
As far as the repairing is concern if payment is exceeding 50000/- for service charges only (and NOT THE COST OF MATERIAL) than too ur required to deduct TDS
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