TDS
This query is : Resolved
CA Anurag Shukla
(Querist)
24 June 2010
hi i want to know that the New amendment made in the chapter of TDS in sec 194c regarding the deduction of tax on transporters wef 01.10.2009.
my query is that is there any condition imposed on the transporter that he should file the return on truck basis and not as per the normal provisions.
so and the company specified that this is defined as "small transporters" as defined in Sec 44AE of the IT Act.
please answer as soon as possible.
my query is that is there any condition imposed on the transporter that he should file the return on truck basis and not as per the normal provisions.
so and the company specified that this is defined as "small transporters" as defined in Sec 44AE of the IT Act.
please answer as soon as possible.
24 June 2010
w.e.f 01.10.2009 no TDS to be deducted from transporter if PAN is provided by them. Otherwise TDS to be deducted u/s 194C.
w.e.f. 01.04.2010 if no PAN is provided by transporter or any other deductee TDS to be deducted @20%. If PAN given by transporter no TDS.
w.e.f. 01.04.2010 if no PAN is provided by transporter or any other deductee TDS to be deducted @20%. If PAN given by transporter no TDS.
Aditya Maheshwari
(Expert)
24 June 2010
There is no condition on th transporter. However the transporter must be as defined u/s 44AE
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