08 January 2011
IF A TRASNPORTER DOES NOT SUBMIT OWN PAN NO AND TOTAL PAYMENT MADE BY US TO HIM DURING THE 2010-10 DOESNOT EXCEEDS RS 75000 THEN TDS WILL BE DEDUCTED OR NOT
08 January 2011
In case of any contractor if total sum credited to his account does not exceed 75000 and a single contract is not exceeding Rs 30000/ then no need to deduct tax. Section 194(5)