TDS for payments made to transporters.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 March 2010 we r in construction field. we are paying to transport. what is the rate of TDS. whether TDS is not applicable after 01.10.2009. what is the limit of amount.and under which section is need to be deducted.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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20 March 2010 only payment to transporters as defined in section 44AE not liable to tax.

CA Ashok Kumar Sahu

CA Ashok Kumar Sahu (Expert)
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20 March 2010 from 1.10.09 if transporter have pan no. then no TDS deduction required otherwise 1% for individual & huf & 2% for other from 1/4/2010 it's 20% refer sec 194C

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