TDS ON TRANSPORT CHARGES PAID
anji (ACCOUNTANT) (142 Points)
08 January 2019
COMPANY HAVE PAID TRANSPORTS CHARGES OF RS 50000 pm SHALL BE DEDUCTION ON TDS OR NOT
5 Replies
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 08 January 2019
yes @ 2% TDS needs to be made since yearly payment exceeds 1lac
sanjeev sahota
(accountant)
(61 Points)
Replied 08 January 2019
Take declaration from transporter for no need to tds. Otherwise pan base tds deduction 1% or, 2%
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 08 January 2019
since payment is upto 6lacs p.a. so no declaration can be taken. tds @ 2% or 20% needs to be made
anji
(ACCOUNTANT)
(142 Points)
Replied 08 January 2019
THAT TRANSPORT CHARGES INCLUDING GST OF RS 50000
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 08 January 2019
Check out the details frim Transporter as his number of vehicles. If it's not exceeding as per sec 194C then receive declaration and no need to deduct tds...
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