Vishal Goel (Chartered Accountant) (1688 Points)
23 December 2015Hello,
My client is a Pvt Ltd Company engaged manufacurg of goods. It pays transport charges to different transporters(truck owners, transport brokers, goods transport agency-Individuals, partnership firms and Pvt Ltd companies).All the transport operators mentioned above are having PAN Numbers. Is my client liable to deduct tax at source from all the payees after 1st June 2015.
Thanks
Ankit Taprania
(CA FINAL )
(542 Points)
Replied 23 December 2015
NO, there is a exemption for payment to small transporter ( transporter who owns 10 or less goods carriages at any time during the previous year ) PROVIDED he has furnished declaration and PAN to this effect .
DECLARATION file is attached
Ankit Taprania
(CA FINAL )
(542 Points)
Replied 23 December 2015
SORRY.
DECLARATION file is attached here.
Ankit Taprania
(CA FINAL )
(542 Points)
Replied 23 December 2015
WHAT THE HELL .
TRYING THIRD TIME TO ATTACH THE FILE.
Vishal Goel
(Chartered Accountant)
(1688 Points)
Replied 24 December 2015
Hello,
What about transport broker ???
Thanks in advance ..
Ankit Taprania
(CA FINAL )
(542 Points)
Replied 24 December 2015
IN BROKER CASE - REMEMBER FOR TDS PURPOSE YOU ARE ONLY CONCERNED WITH BROKER , YOU ARE NOT CONCERNED WITH HOW TRANPORTER IS RECEIVING PAYMENT FROM BROKER AND WHETHER HE HAS FURNISHED DECLARATION TO BROKER OR NOT .
WELL , if brokerage is show seprately in invoice by broker you are only liable to deduct TDS @ 10% on brorerage / commission u/s 194H .194C WILL not apply .
HOWEVER , if brokerage is not show seprately in invoice by broker , deduct TDS u/s 194C @ 1% / 2% on whole amount .
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