11 December 2016
as per section 194C TDS is deducted on transportation charges paid to driver of where threeshold exemption limit 30000 for single transaction and 100000 for accumulated transaction (earlier 70000). if transoporter gives a declaration to deductor with his pan card that he does not own more than 10 goods carriage then there is no need to deduct TDS. Supplier sent a consignment note with driver that receive the goods and pay freight but my client does not deduct TDS some time they debit the supplier for freight charges and some time debit '"inward frieght charges" but does't deduct TDS.......... is it ok ...........?
12 December 2016
As you mentioned transactions is within the am bit Sec 194C, or if declarations taken for not owning more than ten goods carriage with PAN number No need to deduct TDS. But transactions to be shown in TDS return
CAclubindia
