TDS on Transporter

Muralidharan (Self Employed) (1034 Points)

16 July 2010  

Dear Members

A company has received a bill for Rs.12,500/- from a One Time Transporter. The said transporter does not have PAN. Please inform whether the bill amount attracts TDS or not. If attracted what is the rate of TDS to be deduted.

My opinion is, the question of TDS does not arise due to the fact that the bill amount has not crossed the threshold limits fixed by the department (single bill 30000/- or cumulative billing 75000) during this year.

with regards

murali