17 September 2010
Dear sir Mr.A is construction company, when a is received good by of lorry ,had paid RS 65000 as freight charges.whether tds @1% is applicable or not ,lorry owner is individual,
17 September 2010
IF such lorry owner has PAN No. as per latest tds provisions, you need need to deduct TDS. if he has not PAN No. then TDS will be deducted @ 20% not 1%
CAclubindia
