Tds
This query is : Resolved
01 September 2014
how much tds deducted from the amt paid for transportation of gods
Sandeep Dharar
(Expert)
02 September 2014
It falls u/s 194C. So just read sec 194C.
03 September 2014
As per the amended section 194C, through Finance Act (2) of 2009, No deduction shall be made from any payments made to a contractor during the course of business of plying, hiring or leasing goods carriages, on furnishing of his PAN to the deductor.
This new subsection 6 of 194-C makes such transport contractor to compulsorily provide PAN to the Deductor, failing to which TDS will be made by Deductor @20%.
This new subsection 6 of 194-C makes such transport contractor to compulsorily provide PAN to the Deductor, failing to which TDS will be made by Deductor @20%.
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