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TDS ON TRANSPORT CHARGES PAID
COMPANY HAVE PAID TRANSPORTS CHARGES OF RS 50000 pm SHALL BE DEDUCTION ON TDS OR NOT
Replies (5)
yes @ 2% TDS needs to be made since yearly payment exceeds 1lac
Take declaration from transporter for no need to tds. Otherwise pan base tds deduction 1% or, 2%
since payment is upto 6lacs p.a. so no declaration can be taken. tds @ 2% or 20% needs to be made
THAT TRANSPORT CHARGES INCLUDING GST OF RS 50000
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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