24 July 2014
My Client has made an agreement with a transporter for carrying their goods. Is TDS need to be deduct on payment made to transporter? It means what is the limit for deduction?
24 July 2014
If transporter provides you PAN then TDS not required to be deducted. But the details of payment needs to be disclosed in TDS return. If PAN not provided then TDS needs to be deducted at penal rate of 20%.
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