02 November 2009
I would like to know whether TDS has to be deducted from payment to freight contractors u/s194C w.e.f.01/10/2009? If yes, what is the rate?
02 November 2009
The nil rate will be applicable if the transporter quotes his PAN. If PAN is not quoted the rate will be 1% for an individual/ HUF transporter and 2% for other transporters upto 31.3.2010
03 November 2009
WEF 01/10/2009, TDS on transporters is NIL, provided the transporter qoutes his PAN. If PAN is not quoted, then the rate of TDS will be 1% for ind / HUF and 2% for others upto 31.3.10