Applicability of TDs on the transportation
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....pplicability of TDs on the transportation<br> Query (Issue) Started By: - BHASKER MURALI Dated:- 9-9-2009 Last Reply Date:- 10-9-2009 Income Tax<br>Got 3 Replies<br>Income Tax<br>Dear sir, We are purchasing materials from various suppliers which is Including Transporation, the party is showing transportation sepratly in the sale invoice, please let us know that we have to deduct TDS on the Transpo....
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....ration of such transportation Reply By Surender Gupta: The Reply: The issue of tds arises only if payment is made to transporter. Since you are not making payment to transporter but to supplier, it is in the form of reimbursement of expenses, therefore there is requirement of deduction of TDS on such charges. Reply By BHASKER MURALI: The Reply: Dear Sirm, This is for your reply. The issue of td....
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....s arises only if payment is made to transporter. Since you are not making payment to transporter but to supplier, it is in the form of reimbursement of expenses, therefore there is requirement of deduction of TDS on such charges. Q. As per as reiumbersement is concern is completly exempted from income tax you are also replied the same as no need to deduct TDS ok, Can i show the Transportation is....
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.... sepratly in our books or can i add with the material please advice Thank you Reply By Surender Gupta: The Reply: Since the amount paid to suppliers towards cost of transportation appears not to be subject to TDS, the manner of entry or treatment in books of account should not affect the same.<br> Discussion Forum - Knowledge Sharing ....