Tds on air freight

This query is : Resolved 

26 September 2013 I have a query regarding practical implementaion of Sec 194 C A co. engaged in the business of pathology sends its blood samples to Mumbai via flight on daily basis and daily billing ranges b/w 400-7500 apprx that too on payment of cargo charges on daily cash basis though the aggregate payment in the preceeding F/Y amounts to more than 9,00,000. Now My Q is Is the co. liable to deduct TDS? and if it is so then how can co. practically deduct TDS as it pays on counter and books it cargo...
Plzz help

28 September 2013 terms of arrangement will matter. if there is any agreement between them then it is contract and shall deduct tds earlier of credit or payment.

28 September 2013 NO sir there is no such agreement...


29 September 2013 TDS is not applicable....

06 October 2013 This is not a contract but it is an arrangement on understanding so no TDS



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries