27 November 2009
pl. tell me that in budget 2009, exemption in TDS was allowed to G.T.A. (sec.194C) which are covered by sec. 44AE but in income tax act sec. 44AE is not mentioned & TDS is not to be deducted on G.T.A . pl. pl. clarify the situation .
27 November 2009
Sec 194C simply says that if the payment is made to the transport operator and he furnishes PAN to the payer, TDS rate is NIL. It is immaterial whether he opts for 44AE or not. Regards, CA Shakuntala Chhangani
CAclubindia
