Tds u/s 194(c) of income tax act 1961
This query is : Resolved
24 February 2018
Sir,
I have query that say if a goods suppler supplies goods for Rs. 10,00,000 and charges additional Rs. 1,00,000 for handling and fuel surcharges (fixed charges on every bill).
my question is that whether the recipient of goods required to deduct TDS on handling and fuel surcharges portion under section 194(C) of income tax act 1961 ?
I have query that say if a goods suppler supplies goods for Rs. 10,00,000 and charges additional Rs. 1,00,000 for handling and fuel surcharges (fixed charges on every bill).
my question is that whether the recipient of goods required to deduct TDS on handling and fuel surcharges portion under section 194(C) of income tax act 1961 ?
24 February 2018
Yes.
Inference - Q 30 of CBDT Circular 715 dated 8-8-1995
Inference - Q 30 of CBDT Circular 715 dated 8-8-1995
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