TDS is applicable for payment made to Logistics?. As per my knowledge, Logistic comes under Courier.
2 Replies
(Guest)
For the Transportation service TDS not required to deduct if pan is provided. if not provided then 20% TDS will attract u/s 194C
logistics includes the planing,execution,and control of the movement/placement of goods or people and the related support service to acchive specific objective.
so TDS u/s 194C will attract as it seems the contractual in nature.
Ganeshbabu K
(Audit and Tax Advisory)
(48564 Points)
Replied 06 March 2013
PAYMENT TO COURIER MEANS, IMPLIEDLY 194C IS APPLICABLE
YOU ARE LIABLE TO DEDUCT TDS IF SINGLE PAYMENT IN A DAY EXCEEDS 30,000 AND PAYMENTS EXCEEDS 75,000 IIN A FINANCIAL YEAR
Recent Topics
- GST registration -notice
- GSTIN Suspended Form GST Reg 17
- Request for GST Clarification regarding ITC
- Is Capital Gain exemption available for Property a
- EPF CONTRIBUION BY EMPLOYER
- Letter of credit -seller procedure
- Filling form 26 QB
- RPT AND ITC ISSUE
- Tax Liability and ITC Summary related Issues
- REQUIRED FORMAT FOR AMENDMENT TO PARTNERSHIP DEED
Related Threads
CAclubindia
