TDS W.E.F. 01-10-2009
This query is : Resolved
24 September 2009
HI
IF ANY TRANSPORT COMPANY QUOTES PROPRIETORS PAN, IS THE TDS RATE APPLICABLE NIL W.E.F. 01-10-2009
PLEASE TELL ME
IF ANY TRANSPORT COMPANY QUOTES PROPRIETORS PAN, IS THE TDS RATE APPLICABLE NIL W.E.F. 01-10-2009
PLEASE TELL ME
24 September 2009
If the transport business is in the name of proprietor then he can quote his PAN on the invoice. No problem for that.
The nil rate will be applicable if the transporter quotes his PAN. If PAN is not quoted the rate will be 1% for an individual/ HUF transporter and 2% for others.
The nil rate will be applicable if the transporter quotes his PAN. If PAN is not quoted the rate will be 1% for an individual/ HUF transporter and 2% for others.
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