tds above limit on transporter
This query is : Resolved
16 July 2010
dear experts
one transporter are bringing goods continuesly from apr-10 and his bilty amount for 3 months gone above 75000 Rs limit is there any need to deduct tds on rthe same, while he has PAN also.
one transporter are bringing goods continuesly from apr-10 and his bilty amount for 3 months gone above 75000 Rs limit is there any need to deduct tds on rthe same, while he has PAN also.
16 July 2010
As per Section 194 of the Incoem tax Act, If receipient is a transport contractor and he or it furnishes his PAN to the deductor, tax is not deductible w.e.f. 1st October, 2009.
Deductor who makes payment to transporters without deducting TDS will be required to intimate the PAN details to Income Tax Department in prescribed format.
In your case, since the transporter has PAN you are not required to deduct TAX.
Deductor who makes payment to transporters without deducting TDS will be required to intimate the PAN details to Income Tax Department in prescribed format.
In your case, since the transporter has PAN you are not required to deduct TAX.
16 July 2010
Agreed with experts.
16 July 2010
Perfect. Agree with Mr. Sunil Sanganeria.
Venkat.
Venkat.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- SFT Cash Deposit in Current Account
- FORM 26A APPLICABILITY
- When TDS on GST applied
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
