I have received one cha bill for booking purpose . now the cha has charged transport charges of Rs 5000 to us which he has already paid to xyz transporter & now he is charging to us Rs 5000 but after looking transporters invoice i.e xyz party no panno is mentioned.
now generally we dont deduct tds since it is transport charges also we are taking credit of service tax i.e 25 % of Rs 5000*12.36% & also paying the same
according to me tds @ 20% will be deducted since no pan no is mentioned in xyz invoice of Rs 5000 .
30 January 2014
As per section 194C you have to deduct TDS only if the single payment exceeds Rs.30000 or Rs.75000 in the aggregate during the year. If he satisfy the condition of Rs.75000, deduct TDS.
CAclubindia
