Tds under sec 194 c
This query is : Resolved
Ravi Nallipogu
(Querist)
30 August 2012
small transporters it meant (who owns not more than 2 vehicles ) in the business of plying, hiring, carriage of goods provided their PAN furnished to the deductor in thus case tds provision not apply is it correct or not and my doubt regarding in case transporter owns more than 2 vehicles what is the procedure to apply in thus provision under sec 194 c. please clarify some one awaiting for reply
CA PRAVEEN SINGH
(Expert)
30 August 2012
NO TDS DEDUCTED ON PAYMENT MADE TO TRANSPORTER.PROVIDED PAN NO IS GIVEN.
IF NO PAN IS PROVIDED TDS IS TO BE DEDUCTED 20%.
IF NO PAN IS PROVIDED TDS IS TO BE DEDUCTED 20%.
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Ravi Nallipogu
(Querist)
31 August 2012
Dear sir,
I am agreeing with your answer but my doubt is any additional conditions to be satisfies for getting this benefit that is (number of vehicles)
I am agreeing with your answer but my doubt is any additional conditions to be satisfies for getting this benefit that is (number of vehicles)
CA Chirag Haraniya
(Expert)
20 October 2012
no there is no specific additional condition... Just furnish pan...
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