Applicability of TDS on Transporter
This query is : Resolved
06 November 2009
Kindly clear my doubt regarding the applicability of TDS on Contractor doing the Transport business
06 November 2009
there is no TDS applicable for Road Transporters. You may make full payment against their invoice which was agreed. But Transporter should mention their PAN in the invoice.
Taranjit Singh
(Expert)
06 November 2009
The nil rate will be applicable if the transporter quotes his PAN. If PAN is not quoted the rate will be 1% for an individual/ HUF transporter and 2% for other transporters upto 31.3.2010
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