02 June 2015
As per the new amendment TDS is to be deducted on payment to Transporters under 194C. Earlier If PAN is furnished no TDS deduction was to be done. My query is
Whether TDS on payment to Transporters for export of goods is also be deducted?
03 June 2015
earlier there was no TDS deduction, if PAN is furnished. Now w.e.f. 01/06/2015 TDS on Transporters is to be deducted. Earlier also there was no specific provision which exempted the TDS deduction on expenses for Export of good. Transporters were exempt by notification which says that " No TDs if PAN is Submitted", however the same has been withdrawn.
So what comes out is TDS is to be deducted on all expenses done for export of goods (including Transportation) provided expenses exceeds the respective limits.