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TDS on Transportation Cost, Other Topics |
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TDS on Transportation Cost |
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A sales invoice was raised and transportation cost was loaded in the bill. The buyer has deducted TDS on this transportation cost portion u/s. 194C @2%. Is it right ??? Please advice
Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
I think it is not right as transporter providing his services to you not the buyer. if the transporters bill paid by you then you only liable to deduct the TDS not the buyer. Moreover there is no need of deduct the TDS on transporter if transporter provides their PAN number.
If I am not wrong there is one declaration which also needs to provide along with the PAN No, then only the exemption from TDS will be applicable. Please check. Page: 1 Old Query - New Comments are closed. |
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