21 December 2018
We have hired vehicle for Transportation of Cement. The Owner having below 10 vehicle and PAN No is available.The transporters issue monthly bills for providing of vehicle.
In above case the TDS exemption is applicable or cover under hiring plant and machinery
21 December 2018
TDS exemption applicable. Obtain a declaration as given below.
โSection 194C
Sub section (6)
No deduction shall be made from any sum credited or paid or likely to be credited or paid during the previous year to the account of a contractor during the course of plying, hiring and leasing goods carriages, where such contractor owns ten or less goods carriage at any time during the previous year and furnishes a declaration to that effect along with his Permanent Account Number, to the person paying or crediting such sum.โ