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What is TDS on Transportation Charges Explained about?

Section 194C of the Income Tax Act mandates the deduction of TDS on transportation charges at rates of 1% or 2% depending on circumstances. It applies when payments are made to transport contractors for goods or passenger carriage. Certain thresholds apply and deductions are not required if amounts are below Rs. 30,000 for a single transaction or Rs. 1,00,000 as an annual aggregate.

Author

sukantabera215

Language

EN