194c - tds querry
This query is : Resolved
26 May 2014
what is the thereshold limit upto which we are not required to deduct TDS in case of transporter.
Please note that deductor is a private limited company and the expense is that o f "freight expense" and such expense is paid to transporter whose PAN number is available
What i want to know is just by applying "T" flag can we just get away from deducting of TDS or is there any thereshold limit ??
Please note that deductor is a private limited company and the expense is that o f "freight expense" and such expense is paid to transporter whose PAN number is available
What i want to know is just by applying "T" flag can we just get away from deducting of TDS or is there any thereshold limit ??
26 May 2014
TDS on payment to transporter having PAN not deductible . if transported not having PAN then @ 20% tds will be deductible.
in tds return only intimation for payment of freight will be given by using T flag.
in tds return only intimation for payment of freight will be given by using T flag.
Message likes :
1 times
27 May 2014
Okay ..thank you .. very much ...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Should I report my US salary for January, February, March in Schedule FA?
- GST ON EXPORT COMMISSION
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
