hi friends
Whether TDS to be deduct on transportation charges or not. Pls clarify.
sai krishna (Student) (186 Points)
18 July 2008hi friends
Whether TDS to be deduct on transportation charges or not. Pls clarify.
Shyam Lal Naik
(Service)
(6156 Points)
Replied 18 July 2008
Transportation of goods/passangers has been clarified to be falling under section 194C.
CA Kumar Mukesh
(CA CMA FINAL and Advance Excel Trainer)
(6881 Points)
Replied 27 December 2011
If PAN is mentioned in his Bill or GR there is no need to deduct TDS
if not then deduct @ 20%
moreover details of transporters along with payments are required to be furnished in TDS return
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