Tds
This query is : Resolved
03 November 2013
Respected Sir/Madam,
whether TDS is applicable on purchase of diesel( Diesel was purchased from Indian oil corp), also the transportation charges was given separately i.e- diesel @Rs.50 per litre plus transportation charges @Rs.4 per litre.
whether TDS is required to be deducted on the said transaction, if yes then only on transportation charges or on the whole amount of transaction.The total amount of bill was Rs.4,50,000.
Thank you.
whether TDS is applicable on purchase of diesel( Diesel was purchased from Indian oil corp), also the transportation charges was given separately i.e- diesel @Rs.50 per litre plus transportation charges @Rs.4 per litre.
whether TDS is required to be deducted on the said transaction, if yes then only on transportation charges or on the whole amount of transaction.The total amount of bill was Rs.4,50,000.
Thank you.
03 November 2013
No TDS on purchase of goods however in case freight there may be liability of TDS subject to other conditions of the agreement with transporter
03 November 2013
Agree with Expert,
NO TDS on such purchases...
NO TDS on such purchases...
04 November 2013
So TDS liability will arise if there is a contract between our client and transporter.
04 November 2013
On such payment of freight....
04 November 2013
your client will have deduct TDS if it comes within preview of section 194C conditions
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04 November 2013
Ok I understood now, thanks a lot team.
it was of great help to me.
it was of great help to me.
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