tds on freight chgs

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 November 2010 Whether TDS is to be deducted on freight charges and clearing and forwarding chgs?

If yes, at what rate?

REgards

CA.Madhusudan B.P. (Expert)
Follow

19 November 2010 Yes.
TDS shall be deducted U/s 194C @ 2% as contractors

CA.ViVeK M ACA (Expert)
Follow

20 November 2010 Yes it is required to be deducted @ 2 % Even if the nature of contract can be presumed in light of transaction of the parties.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Unanswered Queries

view all classess