TDS on Transporter

This query is : Resolved

rajesh (Querist)
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07 October 2010 What is the limit of amount paid to transporter on which tax is to be deducted? whether shipping companies which charges sea freight can be considered as Tranporter? Whether on actual reimbursement of expenses tax should be deducted?

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CA Navin Jain

CA Navin Jain (Expert)
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07 October 2010 7th of the following month

Shyam Lal Naik

Shyam Lal Naik (Expert)
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07 October 2010 It is 30K for single transaction and 75K for all transaction during the year.

If PAN furnished, No TDS.

Shipping lines are not goods carriage within the meaning of Section 194C.

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