TDS RELATED
This query is : Resolved
25 October 2009
AS per new TDS circular What will be TDS Rate For Transporter if he quoted his PAN NO. and his income is exceeding than Rs 50000/- P.A. also getting more than Rs 20000/- in a single Cheque in a transaction and from when such changes will be effective.
CA. Vinod Pandey
(Expert)
25 October 2009
If they quote PAN no. then there is nil rate otherwise 1% for individual/HUF transporter and 2% in all other case upto 31.3.2010.
CA Suresh Choudhary
(Expert)
25 October 2009
agree
26 October 2009
IF THE RECIPIENT IS A CONTRACTOR ENGAGED IN TRANSPORT BUSINESS AND IF HE FURNISH PAN, TDS RATE WILL BE "NIL".
BUT IF PAN IS NOT FURNISH , THE RATE WILL BE 1% FOR AN INDIVIDUAL/HUF TRANSPORTER AND 2% FOR OTHER TRANSPORTERS DURING OCTOBER 1, 2009 TO MARCH 31, 2010 AND 20% AFTER MARCH 31,2010.
BUT IF PAN IS NOT FURNISH , THE RATE WILL BE 1% FOR AN INDIVIDUAL/HUF TRANSPORTER AND 2% FOR OTHER TRANSPORTERS DURING OCTOBER 1, 2009 TO MARCH 31, 2010 AND 20% AFTER MARCH 31,2010.
Message likes :
1 times
CA SANJAY MUKHERJEE
(Expert)
26 October 2009
Agrre with Dayal and this is only for transporters of goods carriage.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- MSME disclosure and disallowance
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Taxation of crypto futures in India Fy 2026- 2027
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
