14 January 2011
Dear Sir, Please let me know about the rules regarding the tds deduction on payment made to the transpoter or transport agency.u/s194c relevet to A Y 2011-12.
14 January 2011
(6) No deduction shall be made from any sum credited or paid or likely to be credited or paid during the previous year to the account of a contractor during the course of business of plying, hiring or leasing goods carriages, on furnishing of his Permanent Account Number, to the person paying or crediting such sum.
In any other case deduct TDS u/s 194C and in case of any further query refer the links given by Sanjay.
Further no TDS irrespective of whether pan there or not if they furnish a statement that they do not own more than two goods carriages, tax is not to be deducted at source.
And if anything else is left kindly state what is left?