TDS SEC.194C
This query is : Resolved
10 October 2009
DEAR ALL
AS PER NEW AMENDMENT PAYMENT TO TRANSPORT OPERATORS (I.E. IN THE COURSE OF BUSINESS OF PLYING, HIRING OR LEASING GOODS CARRIAGES) IS NOT SUBJECT TO TDS UNDER SECTION 194C IF THE RECIPIENT FURNISH HIS PAN TO THE PAYER.
1. AN ASSESSE PAID LORRY FRIGHT CHARGES TO LORRY OWNER 33000 CONTRACTOR IS SUBMIT HIS PAN TO DEDUCTOR. DEDUCTOR IS LIABLE TO DEDUCT TDS ON FRIGHT CHARGES OR NOT AS PER NEW AMENDMENT.
2. ASSESSEE IS PAID TO TAXI DRIVER ERY MONTH RS. 35000 FOR TRANPORT OF HIS EMPLOYES AND FIELD WORK OF OFFICE. DRIVER HAVE PAN WE ARE TDS DEDUCT OR NOT AS PER NEW AMENDMENT.
3. LORRY OWENER IS INDIVIDUAL ASSESSEE NOT COMPANY AND FIRM AND HE GOT ONLY TWO LORRIES
PLEASE TELL
THANKS INADAVANCE
AS PER NEW AMENDMENT PAYMENT TO TRANSPORT OPERATORS (I.E. IN THE COURSE OF BUSINESS OF PLYING, HIRING OR LEASING GOODS CARRIAGES) IS NOT SUBJECT TO TDS UNDER SECTION 194C IF THE RECIPIENT FURNISH HIS PAN TO THE PAYER.
1. AN ASSESSE PAID LORRY FRIGHT CHARGES TO LORRY OWNER 33000 CONTRACTOR IS SUBMIT HIS PAN TO DEDUCTOR. DEDUCTOR IS LIABLE TO DEDUCT TDS ON FRIGHT CHARGES OR NOT AS PER NEW AMENDMENT.
2. ASSESSEE IS PAID TO TAXI DRIVER ERY MONTH RS. 35000 FOR TRANPORT OF HIS EMPLOYES AND FIELD WORK OF OFFICE. DRIVER HAVE PAN WE ARE TDS DEDUCT OR NOT AS PER NEW AMENDMENT.
3. LORRY OWENER IS INDIVIDUAL ASSESSEE NOT COMPANY AND FIRM AND HE GOT ONLY TWO LORRIES
PLEASE TELL
THANKS INADAVANCE
M Prabhakar Menon
(Expert)
10 October 2009
Since the PAN is furnished there is no need to deduct TDSu/s 194C
Shyam Lal Naik
(Expert)
10 October 2009
A1. No need to deduct TDS. In my view, it will be a better practice, if the transporter furnishes his PAN in the bill itself.
A2. Taxi is not goods carriage. Hence, the exemption from TDS is not applicable in this case. Nolding a PAN or not does not help.
A3. The lorry owner may submit a declaration in form 15I to the deductor. In such an eventuality, TDS not required to be deducted.
A2. Taxi is not goods carriage. Hence, the exemption from TDS is not applicable in this case. Nolding a PAN or not does not help.
A3. The lorry owner may submit a declaration in form 15I to the deductor. In such an eventuality, TDS not required to be deducted.
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