Tds on freight
This query is : Resolved
09 January 2016
As per sec 194C of income tax act from the person having less than ten truck we are required to take pan no. and declration.
I m working in a rice Sheller and we also deal with person having one truck and also not having PAN, then in that case how I can go with the the provisions of law. Thanks in advance
Ankur Singhal
(Expert)
09 January 2016
Dear
pan no. is compulsory otherwise deduct TDS @ 20%, no benefit available.
To avail the benefit of non deduction of TDS it is mandatory to have the PAN no of transporter.
pan no. is compulsory otherwise deduct TDS @ 20%, no benefit available.
To avail the benefit of non deduction of TDS it is mandatory to have the PAN no of transporter.
KAVIRAJA ADDANGADI
(Expert)
01 February 2016
In order to avail non deduction of TDS on freight you should collect P AN. Other wise deduct Tds @ 20%
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