TDS on payment to transporter??

TDS 1260 views 12 replies
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CHARTERED ACCOUNTANTS
943 Points Joined January 2011

Dear Members,

Will anybody update me on TDS provision regarding Payment to transporter? As per Finance Act 2009, if transporter provide the PAN No. to the person who is going to made payment  to transporter then NIL rate of TDS has been deducted on amount charged by transporter. Is this provision is still continue or abolished? Please reply soon.

Thanks in advance

Sanjay Verma

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On 29 June 2011 at 17:23 Report
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Guest

the provision is still continue.

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On 29 June 2011 at 17:25
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CHARTERED ACCOUNTANTS
943 Points Joined January 2011

Thanks Pujit, Can u provide the section in which it is stated...?

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On 29 June 2011 at 17:58
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B.Com CA Final CS
5270 Points Joined September 2009

still same provision is there...

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On 29 June 2011 at 18:02
Guest

Section 194-C.

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On 29 June 2011 at 19:05
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CHARTERED ACCOUNTANT
353 Points Joined July 2008

same provision

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On 29 June 2011 at 19:38
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Chartered accountant
3990 Points Joined April 2009

As per the amended section 194C, through Finance Act (2) of 2009, No deduction shall be made from any payments made to a contractor during the course of business of plying, hiring or leasing goods carriages, on furnishing of his PAN to the deductor.

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On 29 June 2011 at 20:50
Guest

Same Provision

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On 30 June 2011 at 10:52
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Finance Manager
160 Points Joined January 2011

this provision still exists, have a combined reading of Sec 194C and 206AA

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On 30 June 2011 at 11:43
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CHARTERED ACCOUNTANTS
943 Points Joined January 2011

THANKS A LOT TO ALL OF YOU....

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On 30 June 2011 at 11:48
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CHARTERED ACCOUNTANTS
943 Points Joined January 2011

THANKS A LOT TO ALL OF YOU....

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On 30 June 2011 at 11:49
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CA-FINAL
4094 Points Joined January 2011

Section 194-C.

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On 30 June 2011 at 12:28
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Finance Manager
160 Points Joined January 2011

yaar anyone plz ans my query also, posted at /forum/is-gmcs-reqd-to-be-completed-b4-appearing-4-campus-placement-152328.asp

thnx

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On 30 June 2011 at 14:46


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