10 October 2011
WE HAVE PURCHASED RAW MATERIAL AND PARTY IN CHARGING TRASPORT CHARGES SEPRATLY IN BILL IFSELF, WHETHER WE HAVE TO DEDUCT TDS ON TRANSPORT CHARGES ?
11 October 2011
Yes its a part of your purchase price... (but as it has been shown separately it can be deemed as transportation charges and will attract TDS (if any))
But currently, there is NIl TDS in case of transportation charges (who have valid PAN)
11 October 2011
make shure the particular vendor is registred under transport services & having pan No., If Yes, then there is no need to deduct TDS, if he has not registred or not having pan no. then you have to deduct TDS.