08 October 2009
U/s 194 as per new amendmends TDS would not be applicable on transporters defined in section 44AE. Does it mean TDS would be deductable on transporters who have more than 10 vehicles.
Also please provide the form and detail we have to furnish to department regarding non deduction of TDS on transporter who provide PAN.
Is there any format in which transporter has to submit his PAN
21 October 2009
There is no tequirement to verify whether the transporter has opted for Sec. 44AE.
If the transporter furnishes PAN, no TDS. Manner of furnishing PAN has not been prescribed. Mentioning of PAN on the invoice would be the best solution.
The format for furnishing details to the department is yet to be notified.
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