New TDS Rates

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 November 2009 I would like to know whether TDS has to be deducted from payment to freight contractors u/s194C w.e.f.01/10/2009? If yes, what is the rate?

02 November 2009 TDS on Transport Contractors U/s 194C is removed w.e.f. 01/10/2009 on furnishing the PAN details of the payee.

02 November 2009 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 other transporters upto 31.3.2010


03 November 2009 WEF 01/10/2009, TDS on transporters is NIL, provided the transporter qoutes his PAN. If PAN is not quoted, then the rate of TDS will be 1% for ind / HUF and 2% for others upto 31.3.10

03 November 2009 Agree with experts.

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07 November 2009 WEF 01/10/2009, TDS on transporters is NIL
But PAN No is must



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