27 November 2009
what are the provisions regarding TDS deduction on a transporter under new tax ammendments in case (a)it furnishes PAN & (b)do not furnish PAN and from which date ammendments are effective.E.g.
1.Nil TDS - Transporter furnishes PAN 2.1% TDS - " do not " PAN
27 November 2009
In case of payment for playing, hiring or leasing goods carriages and if the contractor provides his PAN no, No tax shall be deducted at source. And if PAN is not quoted, the rate will be 1&2% as per provision upto 31.03.2010.