TDS on transportation charges.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 March 2010 I am working in a construction company. where we can use the the service of transporters to deliver sand and other items. what is the nature of tds and what is the % to be deductible.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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18 March 2010 TDS Rates Effective from 01.10.2009

1)Payment to Contractors/Sub Contractors in Transport Business (If PAN is quoted)No TDS to be deducted.

2)Payment to Contractors/Sub Contractors in Transport Business (If PAN is not quoted)Individual & HUF 1% others 2%.

Note: From 01.01.2010 if PAN not quoted TDS 20%

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CA CHINTAN AJMERA

CA CHINTAN AJMERA (Expert)
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18 March 2010 Agreed

CA Archana

CA Archana (Expert)
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18 March 2010 Please check I think this no TDS is only for the small contractor/sub contractor having only 2 trucks and they mentions the PAN no.

CA Ashok Kumar Sahu

CA Ashok Kumar Sahu (Expert)
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18 March 2010 no tds is for all transport operators w.e.f. 1/10/2009.

Payment to Contractors/Sub Contractors in Transport Business If PAN is not quoted Individual & HUF 1% others 2% up to 31/3/2010

Note: From 01.04.2010 if PAN not quoted TDS rate is 20%