Cargo Service provider come under Transporter or not (TDS applicable or not)
Deepak Tapse (Accounts Manager - Taxation) (1771 Points)
03 September 2011Cargo Service provider come under Transporter or not (TDS applicable or not)
sandeepverma
(don't make exuse for study)
(304 Points)
Replied 03 September 2011
this service not undercover transport you have need to deduct on tds as contract 1% and 2% which ever is applicale according to law
C.A. Sandeep Wawhal
(CA, PGDFM, BCom)
(1831 Points)
Replied 03 September 2011
agree with sandeep verma
Arun
(accoutant)
(41 Points)
Replied 03 September 2011
Dear Depak ,
Take care of reimbursements(Customs /misc statutory charges)to your service provider are billed separateley else, apply the TDS on full amount of bill.
Harish
(CA Student)
(568 Points)
Replied 05 September 2011
Yes TDS is Applicable but if Party has provided the Valid PAN Number No TDS need to be deducted.
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