PAYMENT TO TRANSPORTER EXCEEDING 35000

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 January 2010 HELLO,

WE NEED CLARIFICATION IF THE ENHANCED LIMIT OF RS 35000/ FREIGHT PAYMENT PER BILTY IS APPLICABLE TO ALL TRANSPORT FREIGHT PAYMENTS OR RESTRICTED ONLY TO PAYMENT TO THE TRANSPORTERS WHO FURNISHES PAN NO. TO THE PAYER.

ALSO PL CLARIFY IF ENHANCED LIMIT OF Rs 35000/- is applicable to all transporters or any specific transporter because in Income tax the word "such transporter" has been used.

THANKS AND REGARDS

Bimal Thacker

Bimal Thacker (Expert)
Follow

02 January 2010 It will applicable to all the transporters and not restricted to transporters who furnishes PAN no.

MAHENDRA KUMAR BAGRECHA

MAHENDRA KUMAR BAGRECHA (Expert)
Follow

02 January 2010 Dear Sir,

A sum of Rs.35K cash payment can be made per day to the transporter and if that transporter furnishes PAN Card copy then no need to deduct TDS w.e.f.1/10/09