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TDS ON TRANSPORTER PAYMENT

This query is : Resolved 

13 August 2010 IF TRANSPORTTER GR IS LESS THAN 20K AND ANNUAL CONTRACT PAYMENT IS ALSO LESS THAN 50K.
IF PAN IS REQUIRED IN THAT CASE OR NOT.
KINDLY ADVISE.

13 August 2010 NO PAN IS REQUIRED IF BELOW THRESHOLD LIMIT. YOU NEED PAN ONLY WHEN THRESHOLD LIMIT IS CROSSED.
DROM 01.07.2010
THRESHOLD LIMIT IS---
SINGLE BILL 30K
ANNUAL 75 K

IF PAN NOT GIVEN-
BELOW THRESHOLD LIMIT---NO TDS
ABOVE LIMIT-TDS 20%

13 August 2010 NO PAN IS NOT REQUIRED FOR THIS CASE.


13 August 2010 Neither PAN is required nor TDS to be deducted.



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