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 .
27 November 2009
Where is the mention of S 44AE in the amendment to 194C ?
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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- TDS on Purchase of Immovable Property by NRI from NRI
- Regarding TDS Applicability For Director Remuneration
- FORM 26A APPLICABILITY
- When TDS on GST applied
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
