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TDS on freight paid

Naveen Chand Khulve (CA) (1521 Points)

03 December 2008

Is there is any minimum limit for deducting tax on Freight

for example : If freight charges are Rs 5000. Then we will deduct the tax or not?

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4 Replies

Jitender (Chartered Accountant) (8724 Points)
Replied 03 December 2008

limit is 20000 per bill and 50000 overall per year.

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(Guest)

I have 2 doubts

1.) A partnership firm having turnover of Rs. 19 Lakhs, but on 31-3 there is a net loss then whether tax audit is mandatory.

2.) return filed on 31-07-2008 of A.Y. 07-08 then what is the time limit for issuing the notice for scrutiny, cause we have received notice in this month.

(Guest)


"	I have 2 doubts 1.) A partnership firm having turnover of Rs. 19 Lakhs, but on 31-3 there is a net loss then whether tax audit is mandatory. 2.) return filed on 31-07-2007 of A.Y. 07-08 then what is the time limit for issuing the notice for scrutiny, cause we have received notice in this month.	"