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Tds under sec 194 c

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30 August 2012 small transporters it meant (who owns not more than 2 vehicles ) in the business of plying, hiring, carriage of goods provided their PAN furnished to the deductor in thus case tds provision not apply is it correct or not and my doubt regarding in case transporter owns more than 2 vehicles what is the procedure to apply in thus provision under sec 194 c. please clarify some one awaiting for reply

30 August 2012 NO TDS DEDUCTED ON PAYMENT MADE TO TRANSPORTER.PROVIDED PAN NO IS GIVEN.
IF NO PAN IS PROVIDED TDS IS TO BE DEDUCTED 20%.

31 August 2012 Dear sir,
I am agreeing with your answer but my doubt is any additional conditions to be satisfies for getting this benefit that is (number of vehicles)




20 October 2012 no there is no specific additional condition... Just furnish pan...



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