TDS on Payment to Transporter Fin.Yr. 2010-11

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 April 2010 Dear Experts

Please inform the TDS rate on payment to Transporter if PAN is provided and if not provided for the fin. yr. 2010-11

Sub sections 6 and 7 of 194C is terminated on 31-03-10 as indicated in Financial budget documents of 2009.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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28 April 2010 IF PROVIDED TDS NIL.

IF NOT PROVIDED TDS @20% ON EXCEEDING THE THRESHOLD LIMIT.

THRESHOLD LIMIT:

UPTO 30.06.2010
SINGLE PAYMENT 20K
ANNUAL 50K
FROM 01.07.2010
SINGLE PAYMENT 30K
ANNUAL 75K

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