TDS DEDUCTION OF TRANPORTER

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Querist : Anonymous

Querist : Anonymous (Querist)

07 October 2010 IN CASE ASSESSEE IS ENJOYING A TRANSPORT SERVICE FOR TRANSPORTATION OF GOODS IN THIS CASE HE HAS TO DEDUCT TDS OF TRANPORTER FOR F.Y. 2010-2011.IF YES HOW

Ajay Mishra

Ajay Mishra (Expert)

07 October 2010 Form 26Q:
Section Nature of Payment Status Tax (%)

193 Interest on Debentures & Securities 10
194 Deemed Dividend 10
194A Other Interest
> Aggregate sum exceeding Rs. 10,000 for Banking Co’s , etc.per person during the financial year.
> Aggregate sum exceeding Rs. 5,000 per person during the financial year 10
194B Lottery/Crossword Puzzle > Rs.10,000 30
194BB Winnings from Horse Race > Rs. 5,000 30
194C Contracts to Transporter, who has provided a valid PAN 0*
Contracts to Individuals/HUF 1
Contracts to others 2
194D Insurance Commission > Rs.20,000 10
194EE Withdrawal from NSS > Rs.2,500 20

Ajay Mishra

Ajay Mishra (Expert)

07 October 2010 Dear Friend

If you have made contract with transporter to transport of goods will cover under section 194C and who will pay nil tax if they had valid PAN.

Regards

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