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Tds limit for transporters incase of non availablity of pan

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 November 2011 Dear Experts,

One of my client deals with a transporter who is not provided his PAN to us, Do i need to report for deduction of TDS in his first transaction itself or is there any limit, as we are treating it as contract U/s 194 C i.e 75,000.

Kindly guide me regarding the issue.....
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CA. Gurdeep Singh Chawla

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CA. Gurdeep Singh Chawla (Expert)
09 November 2011 as contract u/s 194C
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Querist : Anonymous

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Querist : Anonymous (Querist)
09 November 2011 Thank u for ur valuable reply,but the basic limit will be 75000 p.a know???
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Querist : Anonymous

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Querist : Anonymous (Querist)
09 November 2011 Thank u for ur valuable reply,but the basic limit will be 75000 p.a know???
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CA sheekhr

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CA sheekhr (Expert)
09 November 2011 if the transporter is not providing its pan then as per section 206AA deduct tds at rate of 20% as this section overrule all the provision of i.t act with effect from 01-04-2010
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