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  • Tds Declaration Form Fy 2020 21 For Transporter Pdf

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Declaration to be obtained on the letter head of the Transport Contractor in case of nondeduction of tax at source u/s 194C (6) of the Income Tax Act, 1961To (Name of the entity) ( Address Line 1).

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Form 27C is a declaration form for non-deduction of TCS by the buyer of goods to the seller. However, As per the Income Tax rule, the seller of the goods must collect tax from the buyer.

And for air freight is paid as reimbursement of expenses to the cargo and TDS is not to be deducted on reimbursement of expenses as per Circular No. 715 dated 08.08.1995.

I, ___________________________ (state the name of the person signing the declaration), _____________ (state the designation of the person signing this declaration, like a Director, Partner, Sole Proprietor, Authorized Signatory, etc), acting for and on behalf of _________________ (state the complete name of the ...

The threshold for deduction of TDS on Transportation Charges is currently set at Rs. 30,000 in a single transaction and the aggregate amounts do not exceed Rs. 1,00,000. If it exceeds the threshold limit, then the rate of deduction as provided under Section 194C of the Act will be applicable, i.e., 1% or 2%.

Whereas Carriage of Goods by sea is subject to TDS when paying to resident shipping companies and freight forwarders u/s 194C. 20 December 2010 I agree with Chakrapani Sir. To add to that if Ocean Freight paid to an an Indian Company which is an Agent of Foreign Shipping Company, TDS is not applicable.

Section 197A While Section 197 application can be made by any person including corporates, in case of certain specified income category, resident individuals/any person not being firm or company as the case may be, may also submit a self declaration in specified forms (Form 15G/Form 15H) for non-deduction of TDS.

as taxable money before the payment is to be made to the receiving party. Hence, you see that TDS can be levied on all areas of financial transactions, including freight charges.

The shipping agent's taxation laws are considered to avoid double taxation. However, if the shipper is a resident shipowner, the deduction of TDS is attached to the freight payment.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232