Section 194c

This query is : Resolved

dhawal shah (Querist)
Follow

08 October 2013 Is the limit of Rs. 30000/- and Rs. 75000/- applicable to a transporter who is not having PAN. As per WIRC Reference Manual 2012-2013 the same is not applicable, but many CA's are having a different view. Can somebody give a full proof answer for the same with backing of some case laws if any.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

08 October 2013 Pan is mandatory for transporter to escape the limits of rs 30,000 and 75,000 resp, else 20% shall be the rate of tds in case of non holding of valid pan.

More details refer sec 194C it clearly states this.

dhawal shah

dhawal shah (Querist)
Follow

08 October 2013 What if the transporter is holding PAN. Will the limits be still applicable to him. In my case, the transporter was not holding PAN but the total was less than Rs. 30000/- or Rs. 75000/-. I insisted that he will be liable for 20% TDS. But CA told that as the limit is less than the prescreibed limit he shall not be liable for 20% deduction.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

08 October 2013 In case if he has a valid pan then no limits of rs 30,000/75,000 will apply.

CA Pallav Singhania

CA Pallav Singhania (Expert)
Follow

08 October 2013 Agree with Expert,

Exemption from 194C -

1.Individual /HUF personal Purpose :
No TDS to be done by an Individual or an HUF on a contractual payment of work which is for personal purposes of the individual or the HUF .

2.No TDS on Transporter :
No deduction is to be made for sum credited/paid to a contractor during the course of business of plying/hiring/leasing of good/carriages on furnishing Pan to the payer/ deductor .

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

siddhesh satardekar

santhosh singireddy

madhu sudan

RAJENDRA PARAKHI

kavita goel

Subscribe Now

Section 194c

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA