194C - Transporter
This query is : Resolved
30 September 2009
Hi Friends,
wef 1st Oct 2009 there is no TDS deductable for freight payment if the goods carrier provides the PAN number as per 194C (6), so is it enough that the Payer of freight just collects the PAN number of the Transporter and not deduct any tax.
Or
There is some formalities been notified so far, becuase section 194C (7) says the payer must file necessary details as may be prescribed, so is there anything prescribed so far, like Form 15I in old regime.
Regards
Mahabir
mchopra@mchopra.com
wef 1st Oct 2009 there is no TDS deductable for freight payment if the goods carrier provides the PAN number as per 194C (6), so is it enough that the Payer of freight just collects the PAN number of the Transporter and not deduct any tax.
Or
There is some formalities been notified so far, becuase section 194C (7) says the payer must file necessary details as may be prescribed, so is there anything prescribed so far, like Form 15I in old regime.
Regards
Mahabir
mchopra@mchopra.com
01 October 2009
Refer my file on TDS rate >>> https://www.caclubindia.com/share_files/files_display.asp?files_id=15599 <<< in which i have mentioned the terms.
01 October 2009
It will be proper,if transporter quotes his/her/its PAN in the bill.
There is no prescribed procedure fur furnishing PAN by transporter.
There is no prescribed procedure fur furnishing PAN by transporter.
01 October 2009
Agree with Shyam Lal Naik
02 October 2009
Agree with Experts
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