tds application for transport
Devendra
(Chartered Accountant)
(4775 Points)
Replied 28 April 2011
From 01.10.09 onwards no TDS on Transporters.
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.
CA Ravi Roy
(Self Employed)
(128 Points)
Replied 29 April 2011
If Transporter quoates PAN then Tds not applicable, Other wise 20% will be deducted
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