Query regarding tds in case of payment to transporter
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 July 2011
In case of payment made to Transporter if the payment is more than Rs20,000 and if the PAN no is not provided by the Transporter than how much TDS is to be deducted.
27 July 2011
Dear Author,
The answer is 20%. If in any case, PAN is not provided, the TDS will be deducted @ 20% or the rate in force, whichever is higher. In our case, it is NIL or 20%, whichever is higher i.e. 20%.
The answer is 20%. If in any case, PAN is not provided, the TDS will be deducted @ 20% or the rate in force, whichever is higher. In our case, it is NIL or 20%, whichever is higher i.e. 20%.
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