Under Which section TDS on Transporter is deducted
7 Replies
monika ahuja
(Student CA Final )
(85 Points)
Replied 05 February 2015
TDS is not deducted on transport provided transported should have PAN
If He dont have PAN than 20% under 94C
Divya Sethi
(ca student)
(459 Points)
Replied 05 February 2015
As per IT Act (Sec194C ) , Tds is not required to be deducted on payments made to transporter if Pan number has been provided to deductor
avinash singh
(Student)
(122 Points)
Replied 06 February 2015
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.
Ram M. Dixit
(CA Final (Author))
(376 Points)
Replied 06 February 2015
TDS on transporter is deducted u/s 194 C @ 20%, if PAN No. is not provided to deductor
Prashant
(B.COM.,LL.B)
(23 Points)
Replied 06 February 2015
this section is for transporter to sub transporter or assessee to transporter.......????
Kushagra Jain
(Consultant)
(24 Points)
Replied 07 February 2015
Does taking of pan applies to even those transporters to whom the payment ifls below the threshold.limit of 194c ?
Kushagra Jain
(Consultant)
(24 Points)
Replied 07 February 2015
Does taking of pan applies to even those transporters to whom the payment ifls below the threshold.limit of 194c ?
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