TDS U/S 194C(6) - TRANSPORT CONTRACT
This query is : Resolved
13 September 2010
Is there any restriction on number of vehicles to be owed by the transporter for claiming the benefit of provision to section 194C(6) which reads as follows :
“(6) No deduction shall be made from any sum credited or paid or likely to be credited or paid during the previous year to the account of a contractor during the course of business of plying, hiring or leasing goods carriages, on furnishing of his Permanent Account Number, to the person paying or crediting such sum.”
“(6) No deduction shall be made from any sum credited or paid or likely to be credited or paid during the previous year to the account of a contractor during the course of business of plying, hiring or leasing goods carriages, on furnishing of his Permanent Account Number, to the person paying or crediting such sum.”
14 September 2010
There is no restriction for TDS, however restriction applicable for presumptive scheme of taxation.
14 September 2010
thank you sir
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