Tds on greens transport

This query is : Resolved

Udaykumar (Querist)
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10 June 2015 Dear Experts,

We are an 100% EOU. Greens Buying from Farmers. From Farmer Place to manufacturing Place we Pay Transportation Charges. on that TDS is Applicable as per TDS New Amendment.

Please help me Urgent.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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14 June 2015 Payments to transporters attract Section 194C. Earlier if transporter provided their PAN, TDS was not required to be deducted.

Now there is an amendment in the provisions of section 194C of the Act to expressly provide that the relaxation from non-deduction of tax shall only be applicable to the payment in the nature of transport charges (whether paid by a person engaged in the business of transport or otherwise) made to an contractor who is engaged in the business of transport i.e. plying, hiring or leasing goods carriage and who is eligible to compute income as per the provisions of section 44AE of the Act (i.e. a person who is not owning more than 10 goods carriage at any time during the previous year) and who has also furnished a declaration to this effect along with his PAN.

This amendment is applicable from June 1, 2015.

Udaykumar

Udaykumar (Querist)
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22 June 2015 Thanks very much Sir,

Udaykumar

Udaykumar (Querist)
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23 June 2015 Dear All,
1) Transporter has given declaration He has not having More than 10 Trucks, but he mentioned in declaration we are Hiring the Vehicle from others and not Deduct TDS.
This is Valid or Not?
2) If it is Okey then what we will to Shown in E-tds return as……
Please advise me.
- See more at: https://taxguru.in/income-tax/tds-deductible-payment-transporters-owing-10-goods-carriage.html#sthash.U8AJI9xY.dpuf

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