Dear Friends,
Can anybody provide the notification / Circular regarding non deduction of TDS when payment to transporter with valid PAN ?????
Thanks in advance
3 Replies
Anumanchipalli Sathikonda
(Tax Consultant)
(1559 Points)
Replied 19 January 2010
Mr.Neeraj
Section 194C has been substituted with a new section 194C with effect from 1-10-2009 by Finance (No.2) Act.
Subsection (6) of new Section 194C reads as follows:
"No deduction shall be made from any sum credited or paid or likely to be credited or paid during the previous year to the account of a contractor duirng the course of business of playing, hiring or leasing goods carriages, on furnishing of his Permanent Account Number, tothe person paying or creding such sum"
Hope that you have got clarification now.
Best Wishes
Sathikonda
neeraj
(Assistant accounts manager)
(68 Points)
Replied 20 January 2010
THANK A LOT.
If there is any notification / Circular nos.
kindly provide .
thanks
Aditya Maheshwari
(CA in Practice)
(35867 Points)
Replied 20 January 2010
The income tax act has been amended by the finance act 2009 by the above. So no notification will be available
Recent Topics
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- Where can I find a trusted provider to hire a skip
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
Related Threads
CAclubindia
