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194c - tds querry

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26 May 2014 what is the thereshold limit upto which we are not required to deduct TDS in case of transporter.

Please note that deductor is a private limited company and the expense is that o f "freight expense" and such expense is paid to transporter whose PAN number is available

What i want to know is just by applying "T" flag can we just get away from deducting of TDS or is there any thereshold limit ??


26 May 2014 TDS on payment to transporter having PAN not deductible . if transported not having PAN then @ 20% tds will be deductible.


in tds return only intimation for payment of freight will be given by using T flag.

27 May 2014 Okay ..thank you .. very much ...




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