Query for declaration under section 194c

This query is : Resolved

Samir Agrawal (Querist)
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07 June 2016 Dear Sir,

I just wanted to know that in case the Transporter was not having more than 10 Trucks and he gave the declaration and so we were not deducting the TDS under section 194C, but during the year he owns more than 10 Trucks and so the declaration becomes void, so I wanted to know whether we have to deduct TDS on entire amount or on the Bill raised by him after he owns more than 10 Trucks.

ABHIMANYU JHAMBA

ABHIMANYU JHAMBA (Expert)
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07 June 2016 The TDS is required to be done on the entire amount. The Memorandum to the Finance Bill had clarified that sub section 6 would only apply in case of transporters owning ten or less trucks (to which section 44AE applies). If more than ten trucks are owned, TDS is to be done.