whether tds deductible on freight charges less than 30000 also if they dont have pan number???
whether tds deductible on freight charges less than 30000 also if they dont have pan number???
its urgent... thanks
No, TDS will not be deducted if any single sum paid or credited is less than Rs 30,000/-.However, if aggregate amount exceeds by Rs 75,000,than the payer is responsible to deduct TDS.
PAN is mandatory.
if person has no PAN NO. then 20% rate is applicable if single payment is > 30000 n also if the aggregate amount exceeds 75000 then only. ( Aggregate amount 75000 in the year)
completely agree with PSJ90
if a person does not provide pan no deduct 20% flat.
as simple as that
CAclubindia
