TDS deduction of Transporter


This query is : Resolved 

03 August 2009 Dear All,

Pls. guide me regarding rate of TDS deduction of Transporter if i am contractor.

whether @1.03% or @2.06%

please guide.






03 August 2009 In case of payment by contractor applicable rate will be rate applicable to subcontractor, which is 1%+Cess and also Surchage (if aplicable)

04 August 2009 I assume that you are a transport contractor and your query is regarding TDS being deducted by your employer.

The rate of TDS is 2% at present. Surcharge & Education Cess has been done away with.

With effect from 01.10.09, no TDS will be deducted, if you furnish your PAN to the deductor.


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