20 June 2015
Hi Sir/Ma'm I face problem about following matter -- I am working in Pvt Ltd Co. and a Service Provider Transporter Agency (Also Pvt Ltd) provides service to us and they have more than 10 Trucks. According to new rule it is mandatory to deduct TDS if the Transporter Operator is having more than 10 trucks But problem is- our tranport operator not having any own trucks and used rented trucks( more Than 10 trucks) to providing transport service to us . So, should I deduct TDS against transportation bill or not. Thanking you. from B.N.Kahar
20 June 2015
The provision of section 194C of the Act has been amended to expressly provide that the relaxation from no-deduction of tax shall only be applicable to the payment in the nature of transport charges made to a contractor who is engaged in the business of transport i.e. plying, hiring, or leasing goods carriage and a person who is not owing more than 10 goods carrige at any time during the previous year and who has furnished a declaration to this effect along with his PAN.
In your case, Just obtain the certificate and PAN of the transporter & keep in your records. TDS need not require to be deducted.
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