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.
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
CAclubindia
