TDS U/S 194C

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tarunjjain (Querist)

03 October 2009 1.W.E.F. 1.10.2009 TDS IS NOT EDUCTABLE ON TRANSPORTERIF THE PROVIDE PAN.

2. U/S 194C(7)- PAYEE TO FURNISH DETAILS TO AUTHORISED PERSON.

3. WHERE TO SUBMIT THESE DETAILS AND IN WHICH FORM?

Ratan Sharma

Ratan Sharma (Expert)

03 October 2009 1. If the PAN of transporter is not provided then TDS is deductible @ 20%. w.e.f 1/10/2009.

Rajeev

Rajeev (Expert)

03 October 2009 I dont think TDS is to be deducted @ 20% from 1/10/2009.

206AA will be effective from 1/4/2010 .

normal rates would prevail before that for no pan / invalid pan .

I just hope the provisions of 206AA are amended before that otherwise it will be a havoc for a lot of people , employing unorganised labour . I am sure they cant have a pan card even if they want to as they dont have any proof . Is it justified levying a tds rate of 20% just cos some one doesnt have a pan card , even if hes legally not required to have a pan card ?

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