Tds on truck driver by transporter

This query is : Resolved

MANISH MITTAL (Querist)
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16 November 2018 IS A TRANSPORTER IS REQUIRED TO DEDUCT TDS ON PAYMENT GIVEN TO TRUCK DRIVER U/S 194C OR ANY OTHER SECTION.

IF NO TDS SHOULD BE DEDUCTED THAN IN WHICH SECTION IS IS EXEMPTED OR DESCRIBE RULE OR ACCOUNTING PRINCIPAL.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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25 November 2018 Whether the payer is required to deduct TDS on payments made to other persons will depend on the status of the payer. If he is an individual, then he is required to deduct TDS only if his turnover in the preceding previous year exceeded the limit prescribed in Section 44AB. In case of firm or company, it is mandatory to deduct TDS.

If the payee (recipient) is a transporter then TDS is required to be deducted if the transporter owns ten or less goods carriages at any time during the previous year and furnishes a declaration to that effect along with his Permanent Account Number.