TDS on Payment to transport operator after Circular 5/2010
This query is : Resolved
CA Manikandan.A.V
(Querist)
23 July 2010
Hello,
It is specified in the Circular No. 05/ 2010 issued by the CBDT that Transport operator in order to be exempted should be as defined u/s 44 AE ie, who should hold not more than 10 vehicles. In that case isn't it necessary to deduct TDS to a Transporter who is not covered u/s 44 AE even if he provides his PAN? Please reply. Advance Thanks,
Manikandan.A.V
It is specified in the Circular No. 05/ 2010 issued by the CBDT that Transport operator in order to be exempted should be as defined u/s 44 AE ie, who should hold not more than 10 vehicles. In that case isn't it necessary to deduct TDS to a Transporter who is not covered u/s 44 AE even if he provides his PAN? Please reply. Advance Thanks,
Manikandan.A.V
Ram Avtar Singh
(Expert)
23 July 2010
if transporter mention PAN No on his Bill TDS not applicable. other wise 20% TDS applivable.
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