TDS W.E.F. 01-10-2009

This query is : Resolved 

24 September 2009 HI

IF ANY TRANSPORT COMPANY QUOTES PROPRIETORS PAN, IS THE TDS RATE APPLICABLE NIL W.E.F. 01-10-2009

PLEASE TELL ME


24 September 2009 If the transport business is in the name of proprietor then he can quote his PAN on the invoice. No problem for that.

The nil rate will be applicable if the transporter quotes his PAN. If PAN is not quoted the rate will be 1% for an individual/ HUF transporter and 2% for others.




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