is tds applicable on frieght. plz in detail tell me. i will be very thankful to you.
CA Vineet Tripathi
ACMA VINEET TRIPATHI (CA & CWA ) (60 Points)
08 June 2010is tds applicable on frieght. plz in detail tell me. i will be very thankful to you.
CA Vineet Tripathi
Deepak Tapse
(Accounts Manager - Taxation)
(1771 Points)
Replied 08 June 2010
If PAN is given by Transporter then TDS is 0% if not submitted then 20%
Jagdish Bhalia
(Practicing CA)
(453 Points)
Replied 08 June 2010
From 01.10.2009 If PAN is given by the transporter than TDS will not be deducted. From 01.04.2010 In absence of PAN TDS will be deducted @ 20%