Tds in case of company providing services of transportation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 December 2015 Hi

My company is a private limited company.
I would like to know how much TDS should be deducted while making payment to another private limited company who transports goods to us and we pay a fees to them for transporting the goods to us.

Any help in this regard will be appreciated.

Arpit Shah

Arpit Shah (Expert)
Follow

19 December 2015 http://taxguru.in/income-tax/tds-deductible-payment-transporters-owing-10-goods-carriage.html

Arpit Shah

Arpit Shah (Expert)
Follow

19 December 2015 http://taxguru.in/income-tax/tds-payments-transporters-amendment-section-194c-wef-june-1-2015-undertaking-format.html

Upgrade to CAclubindia Pro. Subscribe Now!

Querist : Anonymous

Querist : Anonymous (Querist)

19 December 2015 All right, so in case I am making payment to a private limited company exceeding Rs. 75,000 in a year and the delivery vehicle company has less than 10 vehicles, but it has not given any declaration to the same, we should be deducting TDS@2% on the payment made. Am I Correct?