wef 1st Oct 2009 there is no TDS deductable for freight payment if the goods carrier provides the PAN number as per 194C (6), so is it enough that the Payer of freight just collects the PAN number of the Transporter and not deduct any tax.
Or
There is some formalities been notified so far, becuase section 194C (7) says the payer must file necessary details as may be prescribed, so is there anything prescribed so far, like Form 15I in old regime.
01 October 2009
Refer my file on TDS rate >>> https://www.caclubindia.com/share_files/files_display.asp?files_id=15599 <<< in which i have mentioned the terms.
CAclubindia
