TDS
This query is : Resolved
07 January 2010
Plz tell me d latest amendment in section 194C(Payment to contractor/sub-contractor) of TDS, regarding plying, hiring & leasing goods carriage. My doubt-ARE ALL TRANSPORTERS EXEMPT AFTER THIS AMENDMENT OR ONLY THE ABOVE PARTICULAR KIND OF?
07 January 2010
All t of goods carriage ransporters are exempt from deduction of tax . as per the defination given in explanation to sub section 7( of sec. 44AE, goods carriage shall have the same meaningassigned as per sec. 2 of Motor Vehicle Act,1998.
07 January 2010
Only those transporters are exempt who do not owned more than 2 goods carriage.
07 January 2010
Difference of opinion
Dear Mr. Sharma,
Please justify ?
Dear Mr. Sharma,
Please justify ?
08 January 2010
Actually I hav PCC May10 attempt and acc. to one of the amendment notes it is written that transporters are exempt u/s 194C for TDS. So my doubt is dat only goods carriage transporters OR public transporters as well.
(Plz tell me acc. to FINANCE ACT,2009)
(Plz tell me acc. to FINANCE ACT,2009)
08 January 2010
Please read the amenment notification again.
As per amendment: All transporters are not expemt by the amendment. Only those transporter who does not own more than 2 goods carriage and they also need to gave a statement in wiriting that they does not own more than 2 goods carriage.
As per amendment: All transporters are not expemt by the amendment. Only those transporter who does not own more than 2 goods carriage and they also need to gave a statement in wiriting that they does not own more than 2 goods carriage.
08 January 2010
Only Goods carriage transporters, not the public transporter.
08 January 2010
Dear Mr. Sharma,
There is no limit on the no. of goods carriage vehicles owned by the person. Refer 194 (C) (6) of I. tax Act,1961
There is no limit on the no. of goods carriage vehicles owned by the person. Refer 194 (C) (6) of I. tax Act,1961
08 January 2010
Thanks! My doubt abt public transport got clear but I hav another doubt plz tell me whether d transporter can own any no. of vehicles or limit is upto 2 only (to get exemption).
08 January 2010
Thanks! I confirmed it from 194 (C) (6) of I. tax Act,1961, there is no such limit of 2 vehicles.
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