TDS ON CARGO / COURIER

This query is : Resolved

Sanjiv (Querist)
Follow

13 October 2009 FROM 01/10/09 transporters are exempts from TDS Deduction. whether transport of goods by courier/cargo is also exempt.

Rajan

Rajan (Expert)
Follow

13 October 2009 NIL RATE is applicale to transport contractors engaged in the business of plying, hiring or leasing goods carriages.

Note : The nil rate will be applicable if the transporter quotes his PAN. If PAN is not quoted the rate will be 1% for an individual/ HUF transporter and 2% for other transporters upto 31.3.2010

Purav

Purav (Expert)
Follow

14 October 2009 No. If the goods are transported by Courier/Cargo, then it will not be exempted.

Upgrade to CAclubindia Pro. Subscribe Now!