TDS not ot be deducted for Transporter Payments
This query is : Resolved
Aroop Datta
(Querist)
27 October 2009
Effective 1st October the Income Tax notification says payments made to Transporters will not be subject to TDS provided the Transporter provides a copy of his PAN Card.
In case of a Propreitorship concern if the Transporter provides a PAN Card in his "personal" name, can we avoid deducting TDS against his bill raised in his Properitorship firm.
Kindly advise.
In case of a Propreitorship concern if the Transporter provides a PAN Card in his "personal" name, can we avoid deducting TDS against his bill raised in his Properitorship firm.
Kindly advise.
Abuzar Azmi
(Expert)
27 October 2009
In my opinion you are right. If a propreitor quate his own PAN card no then we will not deduct TDS.
Murtaza I Bhagat
(Expert)
27 October 2009
Yes, Aroop
If Transporter Provides PAN No to Concern Person Who is Liable to Deduct TDS on Payment of Transportation,Its Free from Deduction but its only for Transportation Charges.
W.E.F :- 1/10/2009
If Transporter Provides PAN No to Concern Person Who is Liable to Deduct TDS on Payment of Transportation,Its Free from Deduction but its only for Transportation Charges.
W.E.F :- 1/10/2009
Aroop Datta
(Querist)
27 October 2009
Many thanks to both of you Gentlemen.
CA SANJAY MUKHERJEE
(Expert)
28 October 2009
Agree with experts and any proprietorship business can only have PAN of the owner as in the eye of law the status of any Proprietorship business is “Individualâ€
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