23 May 2013
I have paid a freght of RS 260764/- by cheque . Transporter has provided me the pan card details, i checked the validity of the pan it is a valid pan. But i have not deducted any tds. Am i liable to deduct the tds? i am confused...as the p rovision was if the transporter provides the pan detials the tds need not be deducted...but theere exists the thress limit of 30000/- for single payment and 75000/- the the per annum payment...what to do?
23 May 2013
No deduction is required to be made...since, section 194C(6) is specific regarding non-deduction of TDS when transporter furnishes PAN. No monetary limit is there for the transporters.....
CAclubindia
