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TDS

CS RAJESH C.CHOUDHARY (ASSISTANT MANAGER) (14607 Points)

03 September 2011

Please solve my query

whether the TDS should be deducted on the air fair for transportation of goods. At which rate ? is there any circular or any supporting link in this regard.

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13 Replies

Rajagopalakrishnan R (PARTNER) (1422 Points)
Replied 03 September 2011

Yes You have to deduct tax at rates specified in Sec 194C

1% if payment made to Individuals and HUF and 2% in other cases

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ashish gupta ( student) (1922 Points)
Replied 03 September 2011

TDS is attracted under section 194C @ 2% . see explanation to the section 194C

Nitin Garg (CA FINAL Article Trainee B.com) (171 Points)
Replied 03 September 2011

Agreed..............

CA ADITYA SHARMA (CA IN PRACTICE ) (16719 Points)
Replied 03 September 2011

YES TDS IS TO BE DEDUCTED UNDER SECTION 194C

Suraj Agarwal (Self Practitioner in Income Tax & GST) (782 Points)
Replied 03 September 2011

https://freeworking.hubpages.com/hub/SECTION-194C-ABOUT-TDS-ON-PAYMENT-TO-CONTRACTORS

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TRILOCHAN (SENIOR ACCOUNTANT) (698 Points)
Replied 03 September 2011

Ya TDS Applicable @ 1% or 2% depends upon the status of the deductee

Ramanuj (Accountant.) (834 Points)
Replied 03 September 2011

Yes tds is applicable @ 1% or 2% depends on status of deductee of pan .

kalyan (Accounts officer) (22 Points)
Replied 03 September 2011

payment to contractors-single transaction 1% Individual, Comapany firm .co-op local authority 2% deducted under sction194C code 94.

Devender kumar (Accountant) (198 Points)
Replied 05 September 2011

Tds Not applicable on transpotor.

C A kailash vyas (propritor) (48 Points)
Replied 05 September 2011

as per sec.192c tds rate as under:- if recepient is ind or huf 1% if recepient is others 2% IF there is regular payment and exceeds the limit 30000,75000 in keeping the view last year record and present then whether there is deed or not we will deduct tds payment courier expto save to us/clients . payment to Tranporter for bails freight is EXEMPTED.