Tds
This query is : Resolved
10 December 2013
ONE OF MY CLIENT RECD. TRANSPORT BILL WHICH INCLUDE
FREIGHT 5000
CARTAGE 2400
CESS TAX 3800
TOTAL 11200
TRANSPORTER NOT FURNISH PAN SO I WANT TO DEDUCT TDS @ 20 % BUT WHICH AMOUNT ?
GIVE ME REPLY ITS URGENT, WITH CLEARIFICATION
FREIGHT 5000
CARTAGE 2400
CESS TAX 3800
TOTAL 11200
TRANSPORTER NOT FURNISH PAN SO I WANT TO DEDUCT TDS @ 20 % BUT WHICH AMOUNT ?
GIVE ME REPLY ITS URGENT, WITH CLEARIFICATION
10 December 2013
You can wait sir, until Rs. 75000/ limit. Please refer Section 194C.
.
TDS is required to be deducted on entire bill.
.
.
TDS is required to be deducted on entire bill.
.
11 December 2013
I AGREE WITH YOU SIR, LIMIT IS 30000/75000, BUT HERE LIMIT IS IGNORED, BECAUSE I WANT TO KNOW ONLY IN WHICH AMOUNT I DEDUCT TDS, FULL BILL AMOUNT OR FREIGHT AMOUNT ONLY BECAUSE IN BILL INCLUDE CESS TAX ALSO, SO MY QUESTION IS TDS IS DEDUCT ON CESS TAX ALSO, AND MY OTHER QUERY IS SIR I WANT TO FURNISH DETAILS IN TDS RETURN OF TRANSPORTER BILL WHOSE FURNISH PAN COPY, THEN WHICH AMOUNT SHOW, FREIGHT BILL OR WHOLE BILL
PLZ URGENT
PLZ URGENT
11 December 2013
It will be deducted on gross amount only as in section there is no restirction on amount as compared to sec 194-I where service tax is specifically excluded but this is not the case in sec 194C.
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