194C & 44AE
This query is : Resolved
27 November 2009
pl. tell me that in budget 2009, exemption in TDS was allowed to G.T.A. (sec.194C) which are covered by sec. 44AE
but in income tax act sec. 44AE is not mentioned & TDS is not to be deducted on G.T.A .
pl. pl. clarify the situation .
but in income tax act sec. 44AE is not mentioned & TDS is not to be deducted on G.T.A .
pl. pl. clarify the situation .
M Prabhakar Menon
(Expert)
27 November 2009
Where is the mention of S 44AE in the amendment to 194C ?
shakuntala chhangani
(Expert)
27 November 2009
Sec 194C simply says that if the payment is made to the transport operator and he furnishes PAN to the payer, TDS rate is NIL. It is immaterial whether he opts for 44AE or not. Regards,
CA Shakuntala Chhangani
CA Shakuntala Chhangani
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