Under 194c even if multiple contract amount exceeding Rs. 100000 has been booked as Carraige outward and payment made to Transporter,
If the Transporter has PAN number, TDS will be deducted or not ?
3 Replies
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 28 September 2018
Yes, TDS will be deduct at 2% or 1% in case of individual or HUF
madan mohan
(Accounts)
(140 Points)
Replied 28 September 2018
Rs 1lac books as carriage outward on a/c of single transporter or or multiple?
rama krishnan
(12239 Points)
Replied 28 September 2018
if the transporter produces PAN to payer then there's no requirement to deduct TDS
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