Tds on contractor i.e. transporter
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 November 2011
my one of client wants enter with the contract with the transporter to provide contract basis transport of tempo. he will charge monthly rs.36000.
Is in this case TDS IS APPLICABLE?
IF NOT WHY?
UNDER WHICH SECTION.
Is in this case TDS IS APPLICABLE?
IF NOT WHY?
UNDER WHICH SECTION.
CA. Deepak Narula
(Expert)
02 November 2011
As per section 194C, TDS on payment made to transporter is not applicable provided the transporter furnishes the PAN. If he doesn't furnishes the PAN then TDS @ 20% is applicable. But note that, in both the cases, payer has to file TDS return mentioning the payment made to transporter.
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