NON DEDUCTION TDS ON CONTRACTORS U/S 194 (6)

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lingam (Querist)
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31 May 2024 Dear Sir/Madam,

We are transporter, most of transporter(vendor) gives declaration for non deduction tds (vehicle does not exceeds ten).

What is the exact rule when vehicles exceeds ten in current FY or previous FY ?

Most of the vendor issue mentioning previous year (2024-25) (01-04-2024 to 31-03-2025) is it correct ?

And also declaration u/s 206 AB is mandatory to obtain from the vendor.

Please clarify

Thanks & Regards
Lingam

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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31 May 2024 Mentioning previous year 2024-25 is right.
Declaration is mandatory.

Section 194C of the Indian Income Tax Act, 1961 states that no deduction shall be made from any sum credited or paid to a contractor who owns ten or less goods carriages, where such contractor has furnished a declaration with their Permanent Account Number to the person paying or crediting the sum.

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