Sec-194C

This query is : Resolved

P M M (Querist)
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24 November 2009 As per Sec 194C w.e.f 01.10.09, While making payment to a GTA , TDS is not to be made provided
1) the GTA submits the PAN
2) The same is submitted to the Deptt in a prescribed format.

Here I wd like to know whether any such format is been prescribed so far.
If any, can any one help me in finding the same.

Regards

CA.P M Mallick

chetan soni

chetan soni (Expert)
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24 November 2009 currently we need to deduct the tds whether PAN is provided or not. The provision of non deduction of TDS when pan is provided is w.e.f 1.04.2010.

Jagdish Narayan Sawant

Jagdish Narayan Sawant (Expert)
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24 November 2009 dear chetan soni P M M is asking for prescribed format.
also from 1.10.2009 tds on payment to GTA is nil provided he furnish his PAN, if PAN is not provided TDS will deducted at normal rate

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