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TMI BlogOn what amount TDS need to be deducted us 194 c in case freight payment where of Fuel is provided to truck provider.X X X X Extracts X X X X X X X X Extracts X X X X ..... On what amount TDS need to be deducted us 194 c in case freight payment where of Fuel is provided to truck provider. X X X X Extracts X X X X X X X X Extracts X X X X ..... uck owner and truck provider. Most of the Truck providers/ owners are individual and don't raise invoice to us for freight charges. To provide diesel we have tied up with various fuel filling stations. The fuel stations issue bills to us and we paid to them. The freight charges is calculated as follows: Say Rate is ₹ 2,000 per tonnage for a fixed route. A 14 wheel truck can carry 30 t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... onn Gross amount ₹2000*30= 60,000 Less: diesel supplied 20,000 ____________ Freight amount payable 40,000 We transfer 40,000 to truck owner/ provider bank account net off tds. My query is on what amount we need to deduct tds on 60,000 or on 40,000 ?? Reply By Ganeshan Kalyani: The Reply: In my vewi, TDS on ₹ 40,000/- should be deducted, as this the freight charges. Reply By T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ANAY GHILDIYAL:
The Reply:
As per provisions of Sec 194C when raising invoice mention the freight amount and diesel cost separately. Deduct TDS on the freight Amount.
Freight Charges = 60,000
Less:-Diesel Charges=20,000
Total Payable =40,000
In ur books of Account mention Freight and diesel separately.
Tanay Ghildiyal
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