tds on contarctor
This query is : Resolved
manish sharma
(Querist)
16 July 2011
in sec 194c tds on contractor-in case of transporter tds is deduct 0% if he provide the pan no.to the deductor.i want to ask you this condition is applicable only in assessee covered u/s 44AE.As per circular no. 5/2010 this amendment is applicable on the transporter as defined under sec 44AE. Sec 44AE covers only those transporters who have less then ten trucks. So the transporters having more than ten trucks are still under the purview of TDS.if the transporter is not taken bebfit in sec 44ae than tds is deduct.
please clarify the matter its very urgent
please clarify the matter its very urgent
CA PARAS BAFNA
(Expert)
16 July 2011
No it is not so.
In section 194C only the definition of Goods Carriage has been explained and this definition says that goods carriage under 194C and U/s 44AE will have the same meaning.
So, No TDS is deductible U/s 194C on producing the PAN in the cases of all the transporters.
In section 194C only the definition of Goods Carriage has been explained and this definition says that goods carriage under 194C and U/s 44AE will have the same meaning.
So, No TDS is deductible U/s 194C on producing the PAN in the cases of all the transporters.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Visiting card purchase
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Query on effect of registration of property
- GST on reimbursement of expenses
- Number of years as per AS amortisation of Goodwill
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Wrong CMPo8 file
- Additional trade name
- Whether output tax is taken credit by purchaser
- Equity Share Sale and Purchase
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
