T.D.S on freight payments

This query is : Resolved 

11 September 2007 An individual who is doing business and subject to tax audit makes payment to transport carriers. Is he liable to deduct tax at source. If yes, what is the effective date from which he is liable to deduct tax at source.

Raj (Expert)
12 September 2007 you can deduct @ 2.2666% as per sec.194C



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