Tds limit for transporters incase of non availablity of pan

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 November 2011 Dear Experts,

One of my client deals with a transporter who is not provided his PAN to us, Do i need to report for deduction of TDS in his first transaction itself or is there any limit, as we are treating it as contract U/s 194 C i.e 75,000.

Kindly guide me regarding the issue.....

09 November 2011 as contract u/s 194C

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 November 2011 Thank u for ur valuable reply,but the basic limit will be 75000 p.a know???


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Querist : Anonymous

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Querist : Anonymous (Querist)
09 November 2011 Thank u for ur valuable reply,but the basic limit will be 75000 p.a know???

09 November 2011 if the transporter is not providing its pan then as per section 206AA deduct tds at rate of 20% as this section overrule all the provision of i.t act with effect from 01-04-2010



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