Tds on transporter

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Guest

Guest (Querist)

04 May 2012 transporter during the previous year charged Rs 76000 for GRN charges @ 100/- per GRN for 760/- grn.whether tds is to be deducted on GRN charges & if yes than why?

Sanket Shah

Sanket Shah (Expert)
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04 May 2012 The IT act has been amended to provide that no TDS is required on payment to transporter if transporter provides PAN. irrespective of amount tax is not required to be dedcted. but if transporter does not provide PAN, tax deduction rate will be 20%.

Guest

Guest (Querist)

04 May 2012 mr. shah i m very aware abt section 194c(6) & 206aa .u have not understood the question .see my question carefully than answer whether tds is to be deducteed or not.give logical reply

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Surrender

Surrender (Expert)
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06 May 2012 GRN charges @ 100/=, if levied for 760 Goods Receipts, would be considered as part of freight charges only and thus no TDS thereon; For any other logical answer, you better describe what is GRN ?