tds by transporter
This query is : Resolved
24 August 2009
dear sir/madam
may i want to know that is it true that as per new section 194 c transporter should not be deducted tds w.e.f 01/08/2009. And new section also allows the transporter can pay Rs. 35000/- w.e.f 01/08/2009.
i want to know detial for this section
thanks in advance
may i want to know that is it true that as per new section 194 c transporter should not be deducted tds w.e.f 01/08/2009. And new section also allows the transporter can pay Rs. 35000/- w.e.f 01/08/2009.
i want to know detial for this section
thanks in advance
Shyam Lal Naik
(Expert)
25 August 2009
You are right. The effective date is 01.10.09.
1. If the transport (sub)contractor furnishes PAN, TDS not to be deducted.
2. Cash payment upto Rs. 35,000/- can be made to the transport (sub)contractor.
1. If the transport (sub)contractor furnishes PAN, TDS not to be deducted.
2. Cash payment upto Rs. 35,000/- can be made to the transport (sub)contractor.
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