what are the provisions U/s 194C for deduction of TDS from transporters w.e.f 01/10/2009?
3 Replies
Ram Avtar Singh
(Nagari Sultanpur U.P.Delhi)
(14497 Points)
Replied 14 December 2009
under sec 164C Individual/ Hfu tds applicable @ 1% and others @ 2% if Transporter quoted his PAN No. then no TDS applicableon that transporter.
CA Trinath Galla
(student)
(3130 Points)
Replied 14 December 2009
| Originally posted by :Ram Avtar Singh | ||
| " | under sec 164C Individual/ Hfu tds applicable @ 1% and others @ 2% if Transporter quoted his PAN No. then no TDS applicableon that transporter. | " |
if PAN was not quoted, @ 20%.
Chandresh
(ARTICLE CLERK)
(69 Points)
Replied 14 December 2009
AS PER SEC 194C TDS RATE ON TRANSPORTER (W.EF. 01.10.2009) (PAN NOT AVAILABLE):- INDIVIDUAL/H.U.F.- 1%, OHTER THAN INDIVIDUAL/H.U.F:- 2%
IF PAN AVAILABLE THEN THERE IS NO REQUIREMENT TO DEDUCT T.D.S
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