Sec 194c

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 January 2011 Dear Sir,
Please let me know about the rules regarding the tds deduction on payment made to the transpoter or transport agency.u/s194c relevet to A Y 2011-12.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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14 January 2011 (6) No deduction shall be made from any sum credited or paid or likely to be credited or paid during the previous year to the account of a contractor during the course of business of plying, hiring or leasing goods carriages, on furnishing of his Permanent Account Number, to the person paying or crediting such sum.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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14 January 2011 https://www.caclubindia.com/forum/details.asp?mod_id=109491

https://www.caclubindia.com/forum/transporter-details-in-tds-return-faq--111792.asp

Please see above links.

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CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Expert)
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14 January 2011 i think aditya yuhave not completed ??

Aditya Maheshwari

Aditya Maheshwari (Expert)
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14 January 2011 What is left?

In any other case deduct TDS u/s 194C and in case of any further query refer the links given by Sanjay.

Further no TDS irrespective of whether pan there or not if they furnish a statement that they do not own more than two goods carriages, tax is not to be deducted at source.

And if anything else is left kindly state what is left?

Aditya Maheshwari

Aditya Maheshwari (Expert)
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14 January 2011 Further you can circular no 05/2010 issued on 03.06.2010 point no 49.3 for detail answer.