T DS ON TRANSPORT CONTRACT
This query is : Resolved
Guest
Guest
(Querist)
18 February 2011
HELLO MEMBER EXPERTS,
CAN YOU CLEAR MY DOUBT REGARDING TDS ON TRANSPORTER. I HAVE A DOUBT ON TDS TO TRANSPORTER AS FOLLOWS:-
1. AS WE ALL KNOW THAT IF THE PAN IS NOT QUOTED THAN TDS RATE IS 20%. DOES WE HAVE TO DEDUCT THE TDS IF TOTAL AMT. OF FREIGHT BILLS ARE LESS THAN 50000 RUPEES ALSO THE TRANSPORTER HAVE NO PAN
2. IF THERE IS A SINGLE TRANSACTION OF A TRANSPORT BILL OF 25000 RUPEES.WITHOUT PAN WILL IT ATTRACT THE TDS PROVISIONS?
CAN YOU CLEAR MY DOUBT REGARDING TDS ON TRANSPORTER. I HAVE A DOUBT ON TDS TO TRANSPORTER AS FOLLOWS:-
1. AS WE ALL KNOW THAT IF THE PAN IS NOT QUOTED THAN TDS RATE IS 20%. DOES WE HAVE TO DEDUCT THE TDS IF TOTAL AMT. OF FREIGHT BILLS ARE LESS THAN 50000 RUPEES ALSO THE TRANSPORTER HAVE NO PAN
2. IF THERE IS A SINGLE TRANSACTION OF A TRANSPORT BILL OF 25000 RUPEES.WITHOUT PAN WILL IT ATTRACT THE TDS PROVISIONS?
18 February 2011
1. Upto Rs. 75K in aggregate for an FY or Rs.30K per transaction no TDS even if PAN not submitted.
2. No.
2. No.
18 February 2011
Agreed with the expert.
Guest
Guest
(Expert)
18 February 2011
Not required to deduct TDS.
Guest
Guest
(Querist)
01 March 2011
thanks experts for replying
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