TDS U/S 194C

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tarunjjain (Querist)
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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)
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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)
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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 ?