New rule for 194c (transport)
This query is : Resolved
10 August 2015
Dear Sir
Good Morning... I have a confusion about new circular about 194C (Transport). From 1st June it is mandatory for submission of declaration for "not having more than 10 vehicles" . Other wise 2% or 1% TDS will be deducted.
Above wording very clear about big transports like TCI, BATCO. etc. But for following situation how to understand? Kindly advise.
A) Outward freight - Company will bear freight amount and send manufactured product thru lorry to their customers. In this case 3 types of lorries will use.
1. Owner cum driver lorry
2. Only Driver
3. Contractor lorry (A to Z transporter is a contractor. He don't have own lorries and he will arrange lorry by commission basis) But he will issue LR copy A to Z transport name.
1) Owner cum driver - It is clear to take declaration from him but if he do turnover more than 75,000/- (limit the cross) what we do?
2) Only Driver - Lorry registered with house wife or other name and her son / husband or relatives will drive. My doubt is sign on PAN card and sign on declaration is should same is must or on behalf of signs will work?
3) Contractor lorry (Can we take declaration from contractor or driver?) . If contractor denied to give declaration what we do? Contractor give declaration but his turnover crossed limit. what we do?
Good Morning... I have a confusion about new circular about 194C (Transport). From 1st June it is mandatory for submission of declaration for "not having more than 10 vehicles" . Other wise 2% or 1% TDS will be deducted.
Above wording very clear about big transports like TCI, BATCO. etc. But for following situation how to understand? Kindly advise.
A) Outward freight - Company will bear freight amount and send manufactured product thru lorry to their customers. In this case 3 types of lorries will use.
1. Owner cum driver lorry
2. Only Driver
3. Contractor lorry (A to Z transporter is a contractor. He don't have own lorries and he will arrange lorry by commission basis) But he will issue LR copy A to Z transport name.
1) Owner cum driver - It is clear to take declaration from him but if he do turnover more than 75,000/- (limit the cross) what we do?
2) Only Driver - Lorry registered with house wife or other name and her son / husband or relatives will drive. My doubt is sign on PAN card and sign on declaration is should same is must or on behalf of signs will work?
3) Contractor lorry (Can we take declaration from contractor or driver?) . If contractor denied to give declaration what we do? Contractor give declaration but his turnover crossed limit. what we do?
10 August 2015
1 No TDS if declaration and PAN No. given turnover more than 75,000.
2 Sign on declaration and sign on PAN card should be the same. Transport bill should be in the name of declarant.
3 TDS applicable.
2 Sign on declaration and sign on PAN card should be the same. Transport bill should be in the name of declarant.
3 TDS applicable.
10 August 2015
Dear Sir,
Thank you for quick reply. Kindly give the notification no. or circular no. for above points.
Thanks in advance.
Regards
M.RamKumar
Thank you for quick reply. Kindly give the notification no. or circular no. for above points.
Thanks in advance.
Regards
M.RamKumar
10 August 2015
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