Tds on transportation business

This query is : Resolved

Rupinder Singh (Querist)
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18 July 2014 Dear,

Can any body tell me about tds on transportation business.....our compay used to receive goods through a transporter, can we deduct tds on bills raised by that transporter....

Regards
Rupinder

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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18 July 2014 If transporter provides PAN then TDS not required to be deducted but details of such payment needs to be disclosed in TDS return.

Sandeep Dharar

Sandeep Dharar (Expert)
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18 July 2014 Yes if the amount exceeds the limit mentioned u/s 194C, then u must have to deduct TDS.

For 194C, details plz visit the following link:-

https://www.caclubindia.com/share_files/section-194c-63297.asp#.U8j_y0DRZUk

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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18 July 2014 As per the amended section 194C, through Finance Act (2) of 2009, No deduction shall be made from any payments made to a contractor during the course of business of plying, hiring or leasing goods carriages, on furnishing of his PAN to the deductor. This new subsection 6 of 194-C makes such transport contractor to compulsorily provide PAN to the Deductor.