TDS on Payment to transport operator after Circular 5/2010
This query is : Resolved
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
23 July 2010
if transporter mention PAN No on his Bill TDS not applicable. other wise 20% TDS applivable.
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