Tds on payment to transporters w.e.f. 1-6-15

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 May 2015 W.E.F.01/06/2015, TDS is to be deducted on payment to Transporter. Exemption is provided for the Transporters owning 10 or less Goods carriage and the transporter furnishes a declaration to that effect.
My query is if the transporter furnishes declaration that he does not own more than Ten goods carriage, but he uses more than ten goods carriage, which are hired by him, then also the liability to deduct TDS will arise or not?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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11 May 2015 Liability to deduct TDS arises when the contractor not falling in the following category.
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.
A person hiring and uses the vehicle will not be eligible to compute his income u/s 44AE. So TDS applicable for the person mentioned in the query from 1-6-2015.

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CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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11 May 2015 http://taxguru.in/income-tax/tds-deductible-payment-transporters-owing-10-goods-carriage.html

can refer this for more details.

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