07 April 2010
Dear Sir, He hire some tractor in our construction business,is Tds is applicable on hire charges of Tractor and if Tractor owner do not have PAN Card then in such case what is TDs Rate pls advice me
07 April 2010
IF THE HIRE CHARGES IS CROSSING THE THRESHOLD LIMIT AND THE OWNER DONT GIVE PAN THEN W.E.F. 01.04.2010 YOU ARE REQUIRED TO DEDUCT TDS @ MAX RATE OF 20%