Section 194c

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 June 2015 One of my client doing business of hiring and leasing of goods carriage, but he does not own any vehicle. Is the payer is liable to deduct TDS u/s 194C on payment to my client and if my client is liable to give declaration and pan card, and no TDS is to be deducted

srinivasan

srinivasan (Expert)
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18 June 2015 The exemption is eligible only for the truck owners and the number of trucks he owns does not exceed 10 nos at any point of time during the financial year.

When he is not owning any truck it is a simple contract to arrange for the freight and liable to TDS under 194C. Exemption cannot be availed by him by giving the declaration to the payer.