Sahil Gera (None ) 25 January 2021
Respected Sir,
Sir query is that:
If a transport bill contains.
FREIGHT 13560
INSURANCE 650
LOADING/UNLOADING CHARGES 300
OTHER CHARGES 200
TOTAL 14710
Now, what is TDS deductible value ? Grand total 14710 or freight value 13560?
Please give response,
Thanking you.
Sahil Gera (None ) 25 January 2021
Respected Sourav Sir,
Now query is that.
Suppose, If amount of material sent by supplier is 100000. And while receiving, we received shortage of 5000, which is claimable from transporter( as per deal ) . So now, while posting entry in books, we have to debit transporter ledger, but what should be credited ?
Krishna Chaudhary (Accountant) 25 January 2021
TDS will deducted on only freight value 13560.
I think material will debit and transporter will credit.
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