I am working in a manufacturing & exporting pesticides. Pl let me have a clear idea about TDS to be deducted on Air freight and shipping freight as per new budget 2009.
Even i don't have to deduct tds on all road transporters of whose i m having pan nos.?
agree with your point, there is no tds on road transporters.
but tds on air freight or shipping freight will be deductable by 2% or 1% alongwith cess 3%. In recent budget, surcharge only withdrawn. Cess on TDS is continuing.
please check and advice me if anything wrong by me.