CA-ASPIRANT (CA-STUDENT ) (650 Points)
16 May 2009Hi friends,
A supplier is raising an Invoice for GOODS and charging FREIGHT on the same bill
Should we deduct TDS. if yes on what amount .
(as per my knowledge it is contract of sale )
Illustration of the invoice
Goods cost 10,00,000
freight cost 20,000
Total cost 10,20,000
Please answer soon and keeping in view Circular No. 13/2006
ANAND
(ACC)
(22 Points)
Replied 16 May 2009
no we are not laible to deduct tds on freight because our suplier is liable to deduct tds on the freight bill issued by the transporter co.
CAclubindia
