tds on lorry frieght
This query is : Resolved
25 March 2009
i am businessman and i pay lorry frieght for the year 2008-2009 to transport more than 50000 in part.shoud i deduct tds?
that transport has not pan no.
that transport has not pan no.
26 March 2009
Yes, you are required to deduct TDS on the said payment.
The transporter should be informed to apply for PAN or you stop making payment to him till the time he gives you his PAN
If you don't deduct TDS on payments to contractor then you can't claim the freight expense in you Profit & Loss Account.
The transporter should be informed to apply for PAN or you stop making payment to him till the time he gives you his PAN
If you don't deduct TDS on payments to contractor then you can't claim the freight expense in you Profit & Loss Account.
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