03 December 2009
I have read lot of discussion about TDS on Transport Contrat. Please suggest me at what rate the Transport Contractor will deduct TDS of Truck owner from whom they have hired truck. In case of Transportation of goods by road. The transport contractor is the person issuing the Goods Receipt(GR Bilti) he may or may not own trucks. They hire the truck from the truck owner. Now my question is at what rate will the Contractor deduct TDS of Truck Owner or still 15I will be applicable.
04 December 2009
TDS applies only when Transportation Payment given by the Company/Party... it doesn't matter who is the owner of the Truck... TDS Certificate will have to issue on the name of Transport. (whatever Owner or Hirer)
Querist :
Anonymous
Querist :
Anonymous
(Querist)
06 December 2009
Thank u, but still i am unable to find my answer. I am asking at wht rate transport contractor will deduct TDS of truck owner from whom they hire the truck.