TDS on transport payment
This query is : Resolved
23 January 2008
DEAR ALL,
Mr.A purchase goods from Mr.B.Mr.B makes transport payment to transporter.WHAT ABOUT TDS LIABILITY on Mr.A who reimburses the amount to Mr.B.Mr.A will claim this exp in his P&l A/C (will this frieght be disallowed on a/c of non deduction of TDS) Will it make any difference if the frieght amount is inclusive in the bill.
Mr.A purchase goods from Mr.B.Mr.B makes transport payment to transporter.WHAT ABOUT TDS LIABILITY on Mr.A who reimburses the amount to Mr.B.Mr.A will claim this exp in his P&l A/C (will this frieght be disallowed on a/c of non deduction of TDS) Will it make any difference if the frieght amount is inclusive in the bill.
23 January 2008
This is a repeat question
23 January 2008
IF IT IS A COST INSURANCE FREIGHT CONTRACT(CIF) SALE, TDS IS NO ISSUE.
OTHERWISE THE PAYER OF ACTUAL FREIGHT TO TRANSPORTER HAS TO DEDUCT TDS.
R.V.RAO
OTHERWISE THE PAYER OF ACTUAL FREIGHT TO TRANSPORTER HAS TO DEDUCT TDS.
R.V.RAO
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