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Tds

prakash (no) (50 Points)

28 April 2011

tds application for transport

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6 Replies

Devendra (Chartered Accountant) (4775 Points)
Replied 28 April 2011

No TDS on Transport.

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Devendra (Chartered Accountant) (4775 Points)
Replied 28 April 2011

From 01.10.09 onwards no TDS on Transporters.

(Guest)

if transporter have the pan than no tds is applicable. in case no pan than rate is 20%

Arun A P (Learning thro experience) (64 Points)
Replied 28 April 2011

I agree with Mr. Radhekrishna,

No TDS on payment to Transporters provided PAN number should be there.

Incase there is no PAN, deduct @ 20%

For your information, Kindly get the photocopy of the PAN Card for your safety issues.

Hope it helps

Thanks & Regards

neha AWASTHI (hh) (230 Points)
Replied 29 April 2011

As per the amended section 194C, through Finance Act (2) of 2009, No deduction shall be made from any payments made to a contractor during the course of business of plying, hiring or leasing goods carriages, on furnishing of his PAN to the deductor.

This new subsection 6 of 194-C makes such transport contractor to compulsorily provide PAN to the Deductor, failing to which TDS will be made by Deductor as per 194C.