Tds

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12 February 2013 should i deduct tds on transportation charges if PAN is available?

amar panigrahy

amar panigrahy (Expert)
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12 February 2013 As per the amended section 194C, through Finance Act (2) of 2009, No deduction shall be made from any payments made to a contractor during the course of business of plying, hiring or leasing goods carriages, on furnishing of his PAN to the deductor.

This new subsection 6 of 194-C makes such transport contractor to compulsorily provide PAN to the Deductor, failing to which TDS will be made by Deductor as per 194C