TDS

This query is : Resolved

P.Gopinath (Querist)
Follow

04 February 2009 We are paying courier charges by cash on daily basis and total amount exceeds Rs 50000/= in FY.Should we deduct TDS u/s 194C?because it is not practicable to cut TDS on daily basis.Due to admin reasons the party is not willing to give monthly billing.How to resolve this issue?

VINAYAK D PRABHU

VINAYAK D PRABHU (Expert)
Follow

04 February 2009 Hi,
i would suggest you a practical solution for your problem.
prepare in a excel sheet monthly the details and get it signed from the Courier service. and u make payment only on monthly basis. while making payment you can deduct the TDS as applicable, i.e., rate is 2%.
In the excel jus few columns are needed, i) date , 2) courier slip no. and 3) amount
HOPE THIS WUD HELP YOU...