Regarding tds

TDS 309 views 1 replies

Purchase A/C  Dr.     80000

Taxes Dr.                     12000

Packing Exp Dr.           1500

Transportation Exp. Dr.  88000

     To Party A/c                                   181500

 

In the above transacation will TDS be dedcuted on Transporation Expenese...???

 

Please reply as soon as possible....

Replies (1)

TDS is applicable u\s.194C on the payment made regarding transportation only if the there is contract between company and the transportation agency.

otherwise there is no laibility of TDS on such payment.

 


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