TDS

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CA BIREN SHAH (Querist)
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08 October 2010 Sir,
If one person make payment of Rs. 10000 to transporter and if transporter do not furnish his PAN then whether person required to deduct TDS @ 20% or no TDS deduction as amount dose not exceed 30000 or 75000 as the case may be?

raply,,

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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08 October 2010 You need to considered the thershold limit before deduction, if thershold limt exceeds and PAN also not there then the 20% rate will apply

CA Suresh Choudhary

CA Suresh Choudhary (Expert)
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08 October 2010 Agree with expert

CA BIREN SHAH

CA BIREN SHAH (Querist)
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08 October 2010 but if u read section 94C for the same then its conflict?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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08 October 2010 You are liable to deduct TDS only when Threshold limit is crossed and therefore ask the PAN of deductee. In the given case TDS is not required to be deducted as threshold limit is not crossed.

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