Tds on freight charges included in purchase bill
Ramya Bhat (254 Points)
19 August 2021pls suggest whether to deduct or not if the amount for the whole exceeds 100000..
Ramya Bhat (254 Points)
19 August 2021
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 19 August 2021
Since freight charges are considered as part of cost of goods, 194c is not applicable, as I understand.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 19 August 2021
Ramya Bhat
(254 Points)
Replied 19 August 2021
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 19 August 2021
Here the seller is not the transporter. If the transporter has separately issued invoice or consignment note, then 194c would apply.