TDS not ot be deducted for Transporter Payments
This query is : Resolved
27 October 2009
Effective 1st October the Income Tax notification says payments made to Transporters will not be subject to TDS provided the Transporter provides a copy of his PAN Card.
In case of a Propreitorship concern if the Transporter provides a PAN Card in his "personal" name, can we avoid deducting TDS against his bill raised in his Properitorship firm.
Kindly advise.
In case of a Propreitorship concern if the Transporter provides a PAN Card in his "personal" name, can we avoid deducting TDS against his bill raised in his Properitorship firm.
Kindly advise.
27 October 2009
In my opinion you are right. If a propreitor quate his own PAN card no then we will not deduct TDS.
27 October 2009
Yes, Aroop
If Transporter Provides PAN No to Concern Person Who is Liable to Deduct TDS on Payment of Transportation,Its Free from Deduction but its only for Transportation Charges.
W.E.F :- 1/10/2009
If Transporter Provides PAN No to Concern Person Who is Liable to Deduct TDS on Payment of Transportation,Its Free from Deduction but its only for Transportation Charges.
W.E.F :- 1/10/2009
27 October 2009
Many thanks to both of you Gentlemen.
28 October 2009
Agree with experts and any proprietorship business can only have PAN of the owner as in the eye of law the status of any Proprietorship business is “Individualâ€
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- TDS NUMBER SURRENDER
- Offsetting interest income against derivative trading losses
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Application of 115BAC
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- RCM - commercial rent paid to URP under GST
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
