whether tds is deducted on payment of transport Charges paid exceeding Rs.30000/- in single bill on purchase of machine by newly company u/s 194c or not ....... Plz reply
23 July 2012
No deduction shall be made from any sum credited or paid or likely to be credited or paid during the previous year to the account of a contractor during the course of business of plying, hiring or leasing goods carriages, on furnishing of his Permanent Account Number, to the person paying or crediting such sum.
CAclubindia
