26 October 2009
Date of crediting to the account of the party(transporter) is relevant, no matter when the service was rendered.
Assuming, the accounting entry will be made in the month of Oct'09 and you have not made any advance payment prior to Oct'09, there is no need to deduct tds.
If I done a monthly provision of transport cost. I debit this cost to freight account & same is reverse in next month. In this case can I deduct the TDS or not?
also there is any limit of transporter vehicals. i.e. if transporter having less than 2 vehicles then TDS not deducted.
27 October 2009
yes , you have deduct tds , since u hav received , amount in the month of september , which is earlier than the date of notification & amendment , hence u need deduct tds ....
CAclubindia
