19 April 2018
Dear Experts, My query is, as per section 194C (6) if a transporter does not owned 10 or more vehicles but he hire more than above for his business from third party & raised invoice for the same.He has also submit TDS declaration for non-deduction of tax. In this sequence TDS will be applicable or not.
19 April 2018
Further, this exemption from TDS is applicable only in respect of transport charges received for plying, hiring or leasing of goods carriage (s) owned by the transporter. Therefore, if a person receives payment in respect of plying, hiring or leasing of goods carriage (s) which are not owned by him, he shall not be entitled to claim exemption from TDS in respect of these payments. https://www.incometaxindia.gov.in/communications/circular/circularno19-2015.pdf refer page no 64
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