T d s

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Querist : Anonymous

Querist : Anonymous (Querist)

17 March 2015 Sir, Whether section 194C is applicable for lorry freight?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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17 March 2015 if pan is provided then no tds u/s 194C...

Querist : Anonymous

Querist : Anonymous (Querist)

17 March 2015 Thak u sir....But in respect of courier charge , what is the stands..?

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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17 March 2015 The carriage of documents, letters, etc., is in the nature of carriage of goods and, therefore, provisions of section 194C would be attracted in respect of payments made to the couriers. Circular: No. 715, dated 8-8-1995.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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17 March 2015 Further, remember that even though TDS is not required to be deducted from Transporter if PAN is provided by them but the details of such transactions along with PAN of transporters are required to be shown in the TDS return.

Also take note:

It is proposed to amend the provisions of section 194C of the Act to expressly provide that the relaxation from non-deduction of tax shall only be applicable to the payment in the nature of transport charges (whether paid by a person engaged in the business of transport or otherwise) made to an contractor who is engaged in the business of transport i.e. plying, hiring or leasing goods carriage and who is eligible to compute income as per the provisions of section 44AE of the Act (i.e. a person who is not owning more than 10 goods carriage at any time during the previous year) and who has also furnished a declaration to this effect along with his PAN.

This amendment will take effect from June 1, 2015.

Querist : Anonymous

Querist : Anonymous (Querist)

18 March 2015 Sir, then AY 2016-2017 and FY 2015-2016 is it comes into apply..? AY 2014-2015 Is it applicable TDS on freight(44Ae applicable GTC)..?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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18 March 2015 The revised rule as stated above will be applicable w.e.f. 01.06.2015 prospectively.

Querist : Anonymous

Querist : Anonymous (Querist)

18 March 2015 Thank you sir...for your valuable information.

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