Tds on greens transport
This query is : Resolved
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.
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.
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.
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.
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
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
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
- Gst on travel by air for business purposes
- CLOSING STOCK QUERY
- F&O reporting in ITR
- Taxation on Old jewellery sold
- TDS refund Indemnity Bond
- Itr processing refund
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- TDS on rent received on hardship compensation being rent on redevelopment of building
- PF wage ceiling
- Missed TDS
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
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
