03 August 2010
Whether Transporter can giv Form 15 I to deductor for non deduction of TDS or it is to be given by sub contractor to his contractor if he owns 2 trucks ???plz explain
03 August 2010
U/s 194C if a transporter make payments to a sub contractors who is not having more than 2 lorries, then no need to make any TDS on such payments provided the transporter obtains a declaration in form no. 15I from the sub-contractor. A part from the above, the transport has to file a declaration in form no. 15J before the concerned commissioner of Income tax on or before 30th June of every year
03 August 2010
Form 15I has to be given by an individual SUB CONTRACTOR who is not owning more than two heavy goods carriages/trucks to the CONTRACTOR.