As per changes of new Budget 2009, no tds is required to deduct for payment made to Transporters who provides PAN No. This is to be effective with 01.10.2009.
24 August 2009
As per Budget 2009-10, it is declared that if a transporter provides PAN in his bill then no TDS is to be deducted from its bill from 1.10.09.
and if the PAN is wrong then TDS @ 20% is to be deducted w.e.f.1.4.2010. for more clarification,you can refer journal of CA institute or any direct tax books like ready recknor etc.
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