Whether Transportation > 50000 Attract TDS ?

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Girish Bakhtyar

Girish Bakhtyar (Querist)
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30 October 2010 Sir, Does the Transpostation cost in excess of Rs.50000/- Attract TDS

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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30 October 2010 If PAN provided no TDS otherwise TDS to be deducted u/s 194C.
Rates:
Individual/HUF @ 1%
Others 2% (upto 31.03.2010)
From 01.04.2010 TDS @ 20% in case PAN not provided.
Threshold Limit upto 30/06/2010:
Single payment 20000/-
Annual Payment 50000/-

Threshold Limit w.e.f 01/07/2010:
Single payment 30000/-
Annual Payment 75000/-

CA Ketan Jain

CA Ketan Jain (Expert)
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31 October 2010 If PAN is provided then no TDS. If PAN is not provided then TDS is to be deducted @ of 20% as per section 206AA.

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