Tds on transport payment.
This query is : Resolved
Srinivasan.B
(Querist)
26 July 2011
We are doing building material business. In this continuation we are hiring the vehicles for materials delivery. Our freight range will be Rs.100/- to Rs.15000/- As per the recent amendment in Sec194C if transporters provide PAN does not required to deduct TDS.
Q1. If we pay Rs.15000/- (aggregating) per annum tds to be deducted or not if transporters does not provide PAN?
Whether Slab rate of Rs.30000/75000 will be applicable to freight payment since it is comes under 194C.
Q1. If we pay Rs.15000/- (aggregating) per annum tds to be deducted or not if transporters does not provide PAN?
Whether Slab rate of Rs.30000/75000 will be applicable to freight payment since it is comes under 194C.
CA PARAS BAFNA
(Expert)
26 July 2011
A transporter is first a contractor and after that he is a transporter.
In my view, TDS liability arises only when the limits are exceeded by a particular transporter.
In my view, TDS liability arises only when the limits are exceeded by a particular transporter.
Srinivasan.B
(Querist)
29 July 2011
Thanks for your valuable suggestion.
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