194c clarification

Maruthi (Tds Returns Preparer) (207 Points)

02 July 2015  

Dear all,

 

As per new amendments in Section 194C of Incometax Act., in budget 2015.

 

If transporter having pan number, and not received the single payment of 30,000/- and not received the agregate of 75,000/- or above in the financial year.

 

AND "IF TRANSPORTER NOT FURNISH THE DECLARATION TO DEDUCTOR, THAT HE HAVE LESS THAN 10 VEHCLES".

 

Is tds to be deducted or not?