TDS IN CASE OF TRANSPORTER

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Nitin Kumar Mahipal (Querist)
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04 September 2010 Dear Sir/ Madam,

Is the limit of Rs.30000/- or 50000/- is applicable for transporter also for TDS u/s 194c?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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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

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Nitin Kumar Mahipal

Nitin Kumar Mahipal (Querist)
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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?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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04 September 2010 yes. correct

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