TDS IN CASE OF TRANSPORTER
This query is : Resolved
04 September 2010
Dear Sir/ Madam,
Is the limit of Rs.30000/- or 50000/- is applicable for transporter also for TDS u/s 194c?
Is the limit of Rs.30000/- or 50000/- is applicable for transporter also for TDS u/s 194c?
04 September 2010
Presently 194C thersholf limit is
Rs.30000 for single transaction
Rs.75000 for aggregate transactions for the year
for Transporter also applicable same limit
But If the transporter provide PAN - no TDS ,otherwise 20 % TDS
Rs.30000 for single transaction
Rs.75000 for aggregate transactions for the year
for Transporter also applicable same limit
But If the transporter provide PAN - no TDS ,otherwise 20 % TDS
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04 September 2010
It means if transporter's transacion is for Rs. 15000/- and he doesn't provide PAN no. then we will not deduct TDS as its value is below threshold limit.
am I right?
am I right?
04 September 2010
yes. correct
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1 times
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