Suhas Deshmukh (Manager Finance & Accounts) (132 Points)
28 June 2016Dear Sir
There is one ammendment in TDS rules regarding tax deducted at source from payments made to transporters w.e.f. 01.06.2015. The exemption from TDS deduction has been only applicable to the transporters who own less than 10 vehicles and provides pan number to the deductor.
My query is whether this exemption is applicable to the transport agent who does not own their own vehicles but only ply other owners vehicles?
Suhas Deshmukh
subhash kumar jha
(PROFESSION)
(445 Points)
Replied 28 June 2016
section 194(6) does not apply if doesnot owned more than 10 vechiles . so if taking on hire and aging leting out no need to deduct TAX
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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