Hi Gurus,
As per sec 194c TDS on Transporters,The deductor should not deduct the TDS on payments made to transporters if the following conditions are satisfied :
1) If the Transporter had showed the pancard to the deductor.
2) The transporter should provide a declaration to the deductor ,that he doesnot own more than 10 vechicles at any time during the previous year.
Now my question is that ,should we show in the TDS return the payment made to the Transporters without deducting TDS.(i.e Even the Transporter has provided the valid documents to the deductor)
Should we show in the TDS return amount paid to the transporters @ 0%.
Could anybody help me out ,in clarifying this issue.
With Regards
kalyana krishna
CAclubindia
