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194c - tds querry

This query is : Resolved 
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(Querist)
26 May 2014 what is the thereshold limit upto which we are not required to deduct TDS in case of transporter.

Please note that deductor is a private limited company and the expense is that o f "freight expense" and such expense is paid to transporter whose PAN number is available

What i want to know is just by applying "T" flag can we just get away from deducting of TDS or is there any thereshold limit ??
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Rupesh Jain

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Rupesh Jain (Expert)
26 May 2014 TDS on payment to transporter having PAN not deductible . if transported not having PAN then @ 20% tds will be deductible.


in tds return only intimation for payment of freight will be given by using T flag.
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CA. Ronak Kapadia

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CA. Ronak Kapadia (Querist)
27 May 2014 Okay ..thank you .. very much ...
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