TDS section194C Transport paid amount above 30,000/- applicable
This query is : Resolved
11 November 2021
Hi Sir,
1. We are paid transport charges paid single payment Rs.50,000/- this applicable tds 194C @2% ?
2. Transporter provide 194C amended 2015 self declaration. Hence if the transporter owning not more than 10 goods carriages at any time during the year, provide his PAN alongwith the declaration then as a payer, you don’t have to deduct his TDS u/s 194C.
3. We need deduct or not to deduct this amount ?
1. We are paid transport charges paid single payment Rs.50,000/- this applicable tds 194C @2% ?
2. Transporter provide 194C amended 2015 self declaration. Hence if the transporter owning not more than 10 goods carriages at any time during the year, provide his PAN alongwith the declaration then as a payer, you don’t have to deduct his TDS u/s 194C.
3. We need deduct or not to deduct this amount ?
11 November 2021
No need for TDS if transporter provide such declaration and PAN number.
Otherwise deduct TDS.
Otherwise deduct TDS.
11 November 2021
Thank you sir.
In-cause transporter not submit self declaration with pan. we are deducted tds correct sir.
In-cause transporter not submit self declaration with pan. we are deducted tds correct sir.
11 November 2021
Yes, you are right.......
11 November 2021
I have one more doubts sir, 194C amended declaration letter required Income tax Assessing officer signature ? AO sign is compulsory or transporter self declaration Enough ?
11 November 2021
Transporter self declaration is enough. You have to disclose this in TDS return.
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