TDS on Transporter

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 November 2009 what are the provisions regarding TDS deduction on a transporter under new tax ammendments in case (a)it furnishes PAN & (b)do not furnish PAN and from which date ammendments are effective.E.g.

1.Nil TDS - Transporter furnishes PAN
2.1% TDS - " do not " PAN

Any one who can assist on this issue

CMA Ankur Pandey

CMA Ankur Pandey (Expert)
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27 November 2009 In case of payment for playing, hiring or leasing goods carriages and if the contractor provides his PAN no, No tax shall be deducted at source. And if PAN is not quoted, the rate will be 1&2% as per provision upto 31.03.2010.

CMA Ankur Pandey

CMA Ankur Pandey (Expert)
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27 November 2009 effective fr0m 01-10-2009