TDS on Freight in ward and TDS on Freight Out Ward applicablity?
Amit Kumar Gupta (Accounts Manager) (35 Points)
20 June 2015TDS on Freight in ward and TDS on Freight Out Ward applicablity?
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(.)
(176 Points)
Replied 21 June 2015
TDS is deductible on both Frieght Inward as well as on Frieght outward under Section 194C as they are covered under the definition of "Work" defined in the above mentioned section.
However in case of transporter TDS is deductible only if the transporter does not furnish the PAN No to the deductor.
For the amendment made in the budget 2015-16 kindly go through the belowe mentined link: https://abcaus.in/budget-2015-16/tds-deduction-194c-transporters-owning-more-than-10-goods-carriage.H T M L
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