Tds for transportor
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 March 2014
what is the scope of TDS if we are receiving services of material movement from a company through all mode of transport (by road, train & air).
22 March 2014
it will cover u/s 194C ,with zero percent rate .as payment to transporter subject to PAN of transporter.(assuming material is brought from outside the plant)..
if the movement is with in the premises of plant same will be chargeable to normal rate.
if the movement is with in the premises of plant same will be chargeable to normal rate.
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 March 2014
Dear Sir
Movement of material is both inward & outward. Please provide ref clause/sec for better understanding.
Is NIL tds applicable for all mode of transport( by road/air&train)?
Movement of material is both inward & outward. Please provide ref clause/sec for better understanding.
Is NIL tds applicable for all mode of transport( by road/air&train)?
22 March 2014
It is Sec. 194C(6): "(6) No deduction shall be made from any sum ... If recipient is Transport Operator and furnishes PAN .
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