194C - Transporter

This query is : Resolved

Mahabir Chand Chopra (Querist)
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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

CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Expert)
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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.

Shyam Lal Naik

Shyam Lal Naik (Expert)
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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.

Sreedhar Atchutuni ACA,GradCWA

Sreedhar Atchutuni ACA,GradCWA (Expert)
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01 October 2009 Agree with Shyam Lal Naik

CA Shailesh +91 9393926464

CA Shailesh +91 9393926464 (Expert)
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02 October 2009 Agree with Experts

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