TDS on payment of Transportation

This query is : Resolved 

13 April 2008 what is the rate and limit of TDS on payment of Transportation charges

13 April 2008 What is the applicability of surcharge on payment of TDS?

13 April 2008


14 April 2008 UNDER SEC 194 C IT IS TDS @2% FOR A TRANSPORT CONTRACTOR OR 1% FOR TRANSPORT SUB CONTRACTOR .
10% SURCHARE IS APPLICABLE FOR PAYMENTS ABOVE RS. TEN LAKHS .
EDUCATION CESS @3% ON TOTAL TAX.

LIMIT FOR TDS IS RS. 20000/ FOR A SINGLE SUM CREDITED OR PAID .
OR AGGREGATE OF RS. 50000/DURING THE FINANCIAL YEAR.
R.V.RAO



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