Tds rate
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 April 2012
how many charge tds rate on transportation expenses and travelling exp.fy 11-12
05 April 2012
TDS on transportation of goods is applicable u/s 194C but no TDS is applicable on travelling exp
05 April 2012
TDS on transportation is required to be done only if the transporter does not submit a valid PAN.
If a valid PAN is received by deductee, not required to deduct TDS.
If a valid PAN is received by deductee, not required to deduct TDS.
05 April 2012
If valid PAN furnished by the transporter , No Tds will be applicable. In other case, TDS will required to be deducted as per section 194C.
Rate:-
if transporter is Individual/HUF - 1%
other cases - 2%
Rate:-
if transporter is Individual/HUF - 1%
other cases - 2%
05 April 2012
TDS will be deducted @20% if no PAN is furnished otherwise no tds
05 April 2012
Agree with Amit.
05 April 2012
You are correct Sir.
even no PAN or Wrongly/ Incorrect PAN furnished. HIgh Rate of TDS @ 20% will be applicable.
even no PAN or Wrongly/ Incorrect PAN furnished. HIgh Rate of TDS @ 20% will be applicable.
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