28 August 2010
If the recipient is a transport operator ( one who is in the business of plying, hiring or leasing goods carriages) and he furnishes his pan to the payer, TDS rate is nil with effect from oct 1,2009. IF pan is not furnished, then tax will be deductible at the rate 1% ( If ind/huf) or 2% ( if other person) during oct 1,2009 and march 2010 and at the rate of 20% from april 1,2010 onwards
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