Tds

This query is : Resolved 

01 September 2014 how much tds deducted from the amt paid for transportation of gods

02 September 2014 It falls u/s 194C. So just read sec 194C.

03 September 2014 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 @20%.




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